Concho Resources (Concho Resources) Change In Inventory : $3 Mil (TTM As of Sep. 2020)

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What is Concho Resources Change In Inventory?

Concho Resources's change in inventory for the quarter that ended in Sep. 2020 was $2 Mil. It means Concho Resources's inventory declined by $2 Mil from Jun. 2020 to Sep. 2020 .

Concho Resources's change in inventory for the fiscal year that ended in Dec. 2019 was $1 Mil. It means Concho Resources's inventory declined by $1 Mil from Dec. 2018 to Dec. 2019 .

Concho Resources's Total Inventories for the quarter that ended in Sep. 2020 was $26 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Concho Resources's Days Inventory for the quarter that ended in Sep. 2020 was 5.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Concho Resources's Inventory Turnover for the quarter that ended in Sep. 2020 was 17.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Concho Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.03.

Concho Resources Change In Inventory Historical Data

The historical data trend for Concho Resources's Change In Inventory 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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Concho Resources Change In Inventory Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Inventory

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-5.00

2.00

-12.00

1.00

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Inventory	Get a 7-Day Free Trial															1.00	-1.00	5.00	-3.00	2.00

Concho Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $3 Mil.

Concho Resources (NYSE:CXO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Concho Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.5	/	474	*	365 / 4
	=	5.10

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Concho Resources's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	474	/	26.5
	=	17.89

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Concho Resources's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.5	/	834
	=	0.03

Concho Resources Change In Inventory Related Terms

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Concho Resources (Concho Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (NYSE:CXO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

Executives

Steven L Beal	director	7220 MEADOW ROAD, DALLAS TX 75230
John P Surma	director
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
E Joseph Wright	director	550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Tucker S Bridwell	director	400 PINE STE 1000, ABILENE TX 79601
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Steven H Pruett	officer: SVP of Corporate Development	C/O LEGACY RESERVES GP, LLC 303 W. WALL STREET, SUITE 1600 MIDLAND TX 79701
David W Copeland	officer: VP Gen. Counsel & Secretary	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Yorktown Energy Partners V Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown V Co Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Energy Partners Vi Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Vi Associates Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Easter William H Iii	director	370 17TH ST, STE 2500, DENVER CO 80202