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Concho Resources (Concho Resources) Scaled Net Operating Assets : 0.88 (As of Sep. 2020)


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What is Concho Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Concho Resources's operating assets for the quarter that ended in Sep. 2020 was $12,135 Mil. Concho Resources's operating liabilities for the quarter that ended in Sep. 2020 was $894 Mil. Concho Resources's Total Assets for the quarter that ended in Jun. 2020 was $12,780 Mil. Therefore, Concho Resources's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2020 was 0.88.


Concho Resources Scaled Net Operating Assets Historical Data

The historical data trend for Concho Resources's Scaled Net Operating Assets 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.

Concho Resources Scaled Net Operating Assets Chart

Concho Resources Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.82 0.97 1.68 0.82

Concho Resources Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.83 0.49 0.85 0.88

Competitive Comparison of Concho Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Concho Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Concho Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Concho Resources's Scaled Net Operating Assets falls into.



Concho Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Concho Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2019 )
=(Operating Assets (A: Dec. 2019 )-Operating Liabilities (A: Dec. 2019 ))/Total Assets (A: Dec. 2018 )
=(24662-2995)/26294
=0.82

where

Operating Assets(A: Dec. 2019 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=24732 - 70
=24662

Operating Liabilities(A: Dec. 2019 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6950 - 3955 - 0
=2995

Concho Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2020 )
=(Operating Assets (Q: Sep. 2020 )-Operating Liabilities (Q: Sep. 2020 ))/Total Assets (Q: Jun. 2020 )
=(12135-894)/12780
=0.88

where

Operating Assets(Q: Sep. 2020 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12537 - 402
=12135

Operating Liabilities(Q: Sep. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4750 - 3856 - 0
=894

* 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 Scaled Net Operating Assets Related Terms

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Concho Resources (Concho Resources) Business Description

Industry
Traded in Other Exchanges
N/A
Address
600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701
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).
Executives
Steven L Beal director 7220 MEADOW ROAD, DALLAS TX 75230
John P Surma director
Steven D Gray director 125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
E Joseph Wright director 550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Tucker S Bridwell director 400 PINE STE 1000, ABILENE TX 79601
Keenan W Howard Jr director 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Steven H Pruett officer: SVP of Corporate Development C/O LEGACY RESERVES GP, LLC 303 W. WALL STREET, SUITE 1600 MIDLAND TX 79701
David W Copeland officer: VP Gen. Counsel & Secretary 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Yorktown Energy Partners V Lp other: See Remarks 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown V Co Llc other: See Remarks 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Energy Partners Vi Lp other: See Remarks 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Vi Associates Llc other: See Remarks 410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Easter William H Iii director 370 17TH ST, STE 2500, DENVER CO 80202