APA (APA) Inventory-to-Revenue : 0.21 (As of Dec. 2023)

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What is APA Inventory-to-Revenue?

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. APA's Average Total Inventories for the quarter that ended in Dec. 2023 was $448 Mil. APA's Revenue for the three months ended in Dec. 2023 was $2,167 Mil. APA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

APA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.20) to Sep. 2023 (0.21)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. APA's Days Inventory for the three months ended in Dec. 2023 was 38.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. APA's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.36.

APA Inventory-to-Revenue Historical Data

The historical data trend for APA's Inventory-to-Revenue 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.

* Premium members only.

APA Inventory-to-Revenue Chart

APA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.07

0.11

0.06

0.04

0.05

APA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.19	0.23	0.27	0.20	0.21

Competitive Comparison of APA's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, APA's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

APA's Inventory-to-Revenue Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, APA's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where APA's Inventory-to-Revenue falls into.

APA Inventory-to-Revenue Calculation

APA's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (427	+	453)	/	2 )	/	8279
=	440					/	8279
=	0.05

APA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (443	+	453)	/	2 )	/	2167
=	448					/	2167
=	0.21

APA (NAS:APA) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

APA'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
	=	448	/	1056	*	365 / 4
	=	38.71

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

APA'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 )
	=	1056	/	448
	=	2.36

APA Inventory-to-Revenue Related Terms

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APA (APA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (NAS:APA) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

AP A:Mexico APA:Germany 2S3:Germany A1PA34:Brazil

Address

2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400

Website

https://www.apacorp.com

Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

Executives

Tracey K Henderson	officer: Executive VP Exploration	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark D Maddox	officer: Executive VP - Administration	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
P Anthony Lannie	officer: Exec. Vice Pres & Gen Counsel	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
David L Stover	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Charles W Hooper	director	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
D. Clay Bretches	officer: Exec. VP, Operations	C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056
Rebecca A Hoyt	officer: Sr. VP, Chief Acct Officer	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400
Annell R Bay	director	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Lamar Mckay	director	2000 POST OAK BLVD STE 100, HOUSTON TX 77056
John E Lowe	director	600 N DAIRY ASHFORD, HOUSTON TX 77079
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Daniel Wayne Rabun	director	6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Peter A Ragauss	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019