Pioneer Natural Resources Co (Pioneer Natural Resources Co) Total Inventories : $476 Mil (As of Dec. 2023)

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What is Pioneer Natural Resources Co Total Inventories?

Pioneer Natural Resources Co's total inventories for the quarter that ended in Dec. 2023 was $476 Mil. Pioneer Natural Resources Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $486 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pioneer Natural Resources Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-49.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pioneer Natural Resources Co's Days Inventory for the three months ended in Dec. 2023 was 13.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pioneer Natural Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.78.

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. Pioneer Natural Resources Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Pioneer Natural Resources Co Total Inventories Historical Data

The historical data trend for Pioneer Natural Resources Co's Total Inventories 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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Pioneer Natural Resources Co Total Inventories Chart

Pioneer Natural Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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205.00

224.00

369.00

424.00

476.00

Pioneer Natural Resources Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															424.00	487.00	448.00	496.00	476.00

Pioneer Natural Resources Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Pioneer Natural Resources Co (NYSE:PXD) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Pioneer Natural Resources Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(379	+	0.75 * 1590	+	0.5 * 476	-	13442
-	0	-	0)	/	233.623
=	-49.79

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

Pioneer Natural Resources Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	486	/	3294	*	365 / 4
	=	13.46

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

Pioneer Natural Resources Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	3294	/	486
	=	6.78

4. 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.

Pioneer Natural Resources Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	486	/	5076
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Pioneer Natural Resources Co Total Inventories Related Terms

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Pioneer Natural Resources Co (Pioneer Natural Resources Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PXD:Mexico 1PXD:Italy PNK:Germany PNK:Germany P1IO34:Brazil

Address

777 Hidden Ridge, Irving, TX, USA, 75038

Website

https://www.pxd.com

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

Executives

Mark H Kleinman	officer: EVP & General Counsel	777 HIDDEN RIDGE, IRVING TX 75038
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Bonnie S. Black	officer: SVP, Technology & Ops Support	777 HIDDEN RIDGE, IRVING TX 75038
Jacinto J Hernandez	director	777 HIDDEN RIDGE, IRVING TX 75038
Christopher L Washburn	officer: Interim CAO	777 HIDDEN RIDGE, IRVING TX 75038
Mark Stephen Berg	officer: EVP, GEN. COUNSEL & SECTY	777 HIDDEN RIDGE, IRVING TX 75038
Tyson L. Taylor	officer: SVP, Human Resources	5205 N O'CONNOR BLVD., SUITE 200, IRVING TX 75039
Phoebe A Wood	director	PO BOX 1080, LOUISVILLE KY 40201
Stacy P. Methvin	director	777 HIDDEN RIDGE, IRVING TX 75038
Lori George Billingsley	director	777 HIDDEN RIDGE, IRVING TX 75038
Royce Mitchell	director	777 HIDDEN RIDGE, IRVING TX 75038
Hall Jerome D Jr	officer: EVP, Operations	777 HIDDEN RIDGE, IRVING TX 75038
Frank A Risch	director	PIONEER NATURAL RESOURCES COMPANY, 5205 N. O'CONNOR BLVD, STE 900, IRVING TX 75039
Chris J Cheatwood	officer: EXEC VP WORLDWIDE EXPLORATION	777 HIDDEN RIDGE, IRVING TX 75038
Neal H Shah	officer: SVP and CFO	777 HIDDEN RIDGE, IRVING TX 75038