Devon Energy (Devon Energy) Cash Conversion Cycle : 17.83 (As of Dec. 2023)

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What is Devon Energy Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Devon Energy's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.71.
Devon Energy's Days Inventory for the three months ended in Dec. 2023 was 8.79.
Devon Energy's Days Payable for the three months ended in Dec. 2023 was 28.67.
Therefore, Devon Energy's Cash Conversion Cycle (CCC) for the three months ended in Dec. 2023 was 17.83.

Devon Energy Cash Conversion Cycle Historical Data

The historical data trend for Devon Energy's Cash Conversion Cycle 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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Devon Energy Cash Conversion Cycle Chart

Devon Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Conversion Cycle

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16.49

26.61

21.06

13.87

18.38

Devon Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash Conversion Cycle	Get a 7-Day Free Trial															19.01	14.25	15.54	18.42	17.83

Competitive Comparison of Devon Energy's Cash Conversion Cycle

For the Oil & Gas E&P subindustry, Devon Energy's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.

Devon Energy's Cash Conversion Cycle Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Devon Energy's Cash Conversion Cycle falls into.

Devon Energy Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Devon Energy's Cash Conversion Cycle for the fiscal year that ended in Dec. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	39.95	+	8.3	-	29.87
	=	18.38

Devon Energy's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	37.71	+	8.79	-	28.67
	=	17.83

Devon Energy (NYSE:DVN) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.

Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.

Devon Energy Cash Conversion Cycle Related Terms

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Devon Energy (Devon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (NYSE:DVN) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

DVN:Mexico 1DY6:Italy DY6d:UK DY6:Germany DY6:Germany DY6:Germany D1VN34:Brazil DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.

Executives

Dennis C Cameron	officer: EVP and General Counsel	DEVON ENERGY, 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Clay M Gaspar	officer: EVP and COO	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Richard E Muncrief	director, officer: President and CEO	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
John E Bethancourt	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael N Mears	director	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Gennifer F. Kelly	director	1702 COMMERCE WAY, BRENTWOOD TN 37027
Valerie Williams	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Ann G Fox	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Kelt Kindick	director	DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jeffrey L Ritenour	officer: EVP & CHIEF FINANCIAL OFFICER	333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Jeremy D. Humphers	officer: SVP Chief Accounting Officer	333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK 73102-5015
Tana K Cashion	officer: SVP Human Resources and Admin	333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Felix Investments Holdings Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Encap Energy Capital Fund X, L.p.	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102