Phillips 66 Change in Inventories increased by 164.0% to $1.66B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 36.6%, from $1.21B to $1.66B. Over 2 years (FY 2021 to FY 2025), Change in Inventories shows an upward trend with a -44.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase might signal preparation for a major product launch or, conversely, slowing demand and potential future write-downs.
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Consumer hardware companies aim for high inventory turnover to minimize the risk of product obsolescence.
change_in_inventories| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $444.00M | -$326.00M | -$1.01B | $1.15B | $113.00M | -$295.00M | -$1.04B | $2.00B | $936.00M | -$677.00M | $2.56B | $245.00M | -$499.00M | $1.21B | $393.00M | $823.00M | -$2.59B | $1.66B |
| QoQ Change | — | -173.4% | -208.6% | +214.5% | -90.2% | -361.1% | -253.9% | +291.9% | -53.3% | -172.3% | +477.4% | -90.4% | -303.7% | +343.3% | -67.6% | +109.4% | -414.7% | +164.0% |
| YoY Change | — | — | — | — | -74.5% | +9.5% | -3.8% | +73.9% | +728.3% | -129.5% | +27.6% | -73.8% | +26.3% | -52.5% | +60.4% | +264.9% | — | +36.6% |