EOG Resources (EOG Resources) Accounts Receivable

: $2,716 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. EOG Resources's accounts receivables for the quarter that ended in Dec. 2023 was $2,716 Mil.

Accounts receivable can be measured by Days Sales Outstanding. EOG Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. EOG Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-13.45.

EOG Resources Accounts Receivable Historical Data

The historical data trend for EOG Resources's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,001.66

1,522.00

2,335.00

2,774.00

2,716.00

EOG Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																2,774.00	2,455.00	2,263.00	2,927.00	2,716.00

EOG Resources Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

EOG Resources Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

EOG Resources's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2716	/	6030	*	91
=	41.10

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), EOG Resources's accounts receivable are only considered to be worth 75% of book value:

EOG Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5278	+	0.75 * 2716	+	0.5 * 1275	-	15767
-	0	-	0)	/	580.86
=	-13.45

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

EOG Resources Accounts Receivable Related Terms

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EOG Resources (EOG Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (NYSE:EOG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EOG:Mexico EO5:Germany E1OG34:Brazil EOGR:Austria

Address

1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002

Website

https://www.eogresources.com

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

Executives

Helms Lloyd W Jr	officer: EVP, Operations	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Jeffrey R. Leitzell	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Michael T. Kerr	director	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Kenneth W. Boedeker	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Michael P Donaldson	officer: VP, General Counsel & Corp Sec	1111 BAGBY STREET, SKY LOBBY 2, HOUSTON TX 77002
Timothy K Driggers	officer: VP Accounting & Land Admin
Ann D. Janssen	officer: VP, Accounting	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Ezra Y Yacob	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Donald F Textor	director	P O BOX 4362, HOUSTON TX 772104362
Frank G Wisner	director	P O BOX 4362, HOUSTON TX 7721042362
Julie J Robertson	director	13135 S DAIRY ASHFORD, STE 800, SUGAR LAND TX 77478
David W Trice	officer: EVP, Exploration & Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
William R. Thomas	officer: Sr. Executive VP, Exploitation	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002