Newfield Exploration Co (Newfield Exploration Co) Inventory-to-Revenue : 0.03 (As of Sep. 2018)

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What is Newfield Exploration Co 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. Newfield Exploration Co's Average Total Inventories for the quarter that ended in Sep. 2018 was $25 Mil. Newfield Exploration Co's Revenue for the three months ended in Sep. 2018 was $711 Mil. Newfield Exploration Co's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.03.

Newfield Exploration Co's Inventory-to-Revenue for the quarter that ended in Sep. 2018 declined from Jun. 2018 (0.04) to Jun. 2018 (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. Newfield Exploration Co's Days Inventory for the three months ended in Sep. 2018 was 7.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newfield Exploration Co's Inventory Turnover for the quarter that ended in Sep. 2018 was 12.00.

Newfield Exploration Co Inventory-to-Revenue Historical Data

The historical data trend for Newfield Exploration Co'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.

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Newfield Exploration Co Inventory-to-Revenue Chart

Newfield Exploration Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory-to-Revenue

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0.08

0.04

0.02

0.01

Newfield Exploration Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Inventory-to-Revenue	Get a 7-Day Free Trial															0.04	0.03	0.03	0.04	0.03

Competitive Comparison of Newfield Exploration Co's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, Newfield Exploration Co'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.

Newfield Exploration Co's Inventory-to-Revenue Distribution in the Oil & Gas Industry

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

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

Newfield Exploration Co Inventory-to-Revenue Calculation

Newfield Exploration Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory-to-Revenue (A: Dec. 2017 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Revenue (A: Dec. 2017 )
=	( (16	+	15)	/	2 )	/	1767
=	15.5					/	1767
=	0.01

Newfield Exploration Co's Inventory-to-Revenue for the quarter that ended in Sep. 2018 is calculated as

	Inventory-to-Revenue (Q: Sep. 2018 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )	/	Revenue (Q: Sep. 2018 )
=	( (24	+	25)	/	2 )	/	711
=	24.5					/	711
=	0.03

Newfield Exploration Co (NYSE:NFX) Inventory-to-Revenue Explanation

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:

More Related Terms:

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

Newfield Exploration Co's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	24.5	/	294	*	365 / 4
	=	7.60

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

Newfield Exploration Co's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	294	/	24.5
	=	12.00

Newfield Exploration Co Inventory-to-Revenue Related Terms

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Newfield Exploration Co (Newfield Exploration Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Newfield Exploration Co (NYSE:NFX) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.newfield.com

Newfield Exploration Company is an independent exploration and production company that participates in exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company operates with a portfolio of onshore liquids-rich resource plays. Newfield Exploration has extensive drilling inventories in the United States' drilling areas. The majority of Newfield's operations are located in the Anadarko and Arkoma basins of Oklahoma, Willingston basin of North Dakota and Uinta basin of Utah. It also has oil producing assets offshore China. The majority of Newfield's oil, natural gas, and natural gas liquids are sold to a variety of purchasers under short-term contracts.

Executives

Roger B Plank	director
James Kent Wells	director	1700 LINCOLN STREET, SUITE 2800, DENVER CO 80203-4535
Steven W Nance	director	130 EAST RANDOLPH DRIVE, CHICAGO IL 60601
Giesinger Edgar R. Jr.	director	1915 SANDGATE FALLS, HOUSTON TX 77062
J Terry Strange	director	700 LOUISIANA STREET, SUITE 3000, HOUSTON TX 77002
Thomas G Ricks	director	H&S VENTURES LLC, 2101 EAST COAST HWY - 3RD FLOOR, CORONA DEL MAR CA 92625
Timothy D. Yang	officer: General Counsel and Secretary	1415 LOUISIANA STREET, SUITE 1600, HOUSTON TX 77002
Valerie A Mitchell	officer: VP-Mid-Continent	4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380
Kemp John Randolph Iii	director	3106 NOBLE LAKES LANE, HOUSTON TX 77082-6809
Clay M Gaspar	officer: VP-Mid-Continent	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Terry W Rathert	officer: EVP and Senior Advisor	4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380
Richard K Stoneburner	director
Howard H Newman	director	C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165
Joseph H Netherland	director	35 ELECTRA CIRCLE, THE WOODLANDS TX 77382
J M Lacey	director	1726 FORREST PARKWAY, DENVER CO 80220