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 Average Total Inventories for the quarter that ended in Sep. 2020 was $27 Mil. Concho Resources's Revenue for the
three
months ended in Sep. 2020 was $834 Mil.
Concho Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.03.
Concho Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2020
declined
from Jun. 2020 (0.06) to Jun. 2020 (0.03)
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.
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
three
months 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.
Concho Resources Inventory-to-Revenue Historical Data
The historical data trend for Concho Resources'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.
Competitive Comparison of Concho Resources's Inventory-to-Revenue
For the Oil & Gas E&P subindustry, Concho Resources'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.
Concho Resources's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Concho Resources's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Concho Resources's Inventory-to-Revenue falls into.
Concho Resources Inventory-to-Revenue Calculation
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 fiscal year that ended in Dec. 2019 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.
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.
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.
Concho Resources's Days Inventory for the
three
months ended in Sep. 2020 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.
Concho Resources Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Concho Resources's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Concho Resources (Concho Resources) Business Description
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).
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