Days Inventory is also known as Days Sales of Inventory (DSI). EOG Resources's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,327 Mil. EOG Resources's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,486 Mil.
Hence, EOG Resources's Days Inventory for the
three
months ended in Dec. 2023 was 81.49.
The historical rank and industry rank for EOG Resources's Days Inventory or its related term are showing as below:
EOG'
s Days Inventory Range Over the Past 10 Years
Min: 33.06 Med: 49.44 Max: 80.67
Current: 80.67
During the past 13 years, EOG Resources's highest Days Inventory was 80.67. The lowest was 33.06. And the median was 49.44.
EOG's Days Inventory is ranked worse than 80.66% of 729
companies
in the Oil & Gas industry
Industry Median: 31.48
vs EOG: 80.67
EOG Resources's Days Inventory
increased
from Dec. 2022 (63.35) to Dec. 2023 (81.49).
It might indicate that EOG Resources's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
EOG Resources's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.12.
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.
EOG Resources's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.22.
EOG Resources Days Inventory Historical Data
The historical data trend for EOG Resources's Days 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.
For the Oil & Gas E&P subindustry, EOG Resources's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
EOG Resources Days Inventory Distribution
For the Oil & Gas industry and Energy sector, EOG Resources's Days Inventory distribution charts can be found below:
* The bar in red indicates where EOG Resources's Days Inventory falls into.
EOG Resources Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
EOG Resources's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
EOG Resources (NYSE:EOG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
EOG Resources's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
EOG Resources's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
EOG Resources Days Inventory Related Terms
Thank you for viewing the detailed overview of EOG Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
EOG Resources (EOG Resources) Business Description
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.
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