Concho Resources (Concho Resources) Days Inventory : 5.10 (As of Sep. 2020)

View and export this data going back to 2007. Start your Free Trial

What is Concho Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Concho Resources's Average Total Inventories for the three months ended in Sep. 2020 was $27 Mil. Concho Resources's Cost of Goods Sold for the three months ended in Sep. 2020 was $474 Mil. Hence, Concho Resources's Days Inventory for the three months ended in Sep. 2020 was 5.10.

The historical rank and industry rank for Concho Resources's Days Inventory or its related term are showing as below:

CXO' s Days Inventory Range Over the Past 10 Years
Min: 3.24 Med: 3.67 Max: 4.03
Current: 4.01

During the past 13 years, Concho Resources's highest Days Inventory was 4.03. The lowest was 3.24. And the median was 3.67.

CXO's Days Inventory is not ranked
in the Oil & Gas industry.
Industry Median: 31.41 vs CXO: 4.01

Concho Resources's Days Inventory increased from Sep. 2019 (3.77) to Sep. 2020 (5.10). It might indicate that Concho Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Concho Resources's Inventory Turnover for the three months ended in Sep. 2020 was 17.89.

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 three months ended in Sep. 2020 was 0.03.

Concho Resources Days Inventory Historical Data

The historical data trend for Concho Resources's Days Inventory 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 Days Inventory Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

Get a 7-Day Free Trial

3.61

3.12

3.77

3.92

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Inventory	Get a 7-Day Free Trial															3.77	3.46	3.29	5.28	5.10

Competitive Comparison of Concho Resources's Days Inventory

For the Oil & Gas E&P subindustry, Concho Resources's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Concho Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Concho Resources's Days Inventory falls into.

Concho Resources Days Inventory Calculation

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 fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (35	+	30)	/	2 )	/	3029	*	365
=	32.5					/	3029	*	365
=	3.92

Concho Resources's Days Inventory for the quarter that ended in Sep. 2020 is calculated as:

	Days Inventory (Q: Sep. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (27	+	26)	/	2 )	/	474	*	365 / 4
=	26.5					/	474	*	365 / 4
=	5.10

Concho Resources (NYSE:CXO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Concho Resources's Inventory Turnover for the three months ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	474	/	26.5
	=	17.89

2. 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 three months ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.5	/	834
	=	0.03

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Concho Resources Days Inventory Related Terms

Thank you for viewing the detailed overview of Concho Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Concho Resources (Concho Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (NYSE:CXO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

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