A method for determining a corrected axial displacement parameter of a conduit inspection tool, in particular a downhole inspection tool, during transit of the tool axially along a conduit is disclosed. The tool used in the method has an imaging device and may be attached to a control module with a connecting line. The method comprises obtaining successive axially overlapping images of an internal wall of the conduit, determining, from the images, an observed axial displacement parameter of the tool as a function of transit time, identifying, in the images, a plurality of reference points, determining an estimated axial displacement parameter of the tool over an of transit time between successive reference points, and computing the corrected axial displacement parameter of the tool by applying a correction factor to the observed axial velocity of the tool.