You're told to CHANGE the oil when the car is still somewhat warm. Why, cause the oil flows out of the motor better.
You're also told to not to CHECK the oil right when the engine is turned off. Why? It takes a minute for the oil to flow back down to the oil pan. If you check the oil immediately after stopping the engine, it'll seem low.
If you wait 5 minutes, it doesn't materr how cold it gets, the level of the oil isn't gonig to change noticeably.