EOG Resources (EOG Resources) Total Inventories

: $1,275 Mil (As of Dec. 2023)

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EOG Resources's total inventories for the quarter that ended in Dec. 2023 was $1,275 Mil. EOG Resources's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,327 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. EOG Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-13.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EOG Resources's Days Inventory for the three months ended in Dec. 2023 was 81.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. EOG Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

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. EOG Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

EOG Resources Total Inventories Historical Data

The historical data trend for EOG Resources's Total Inventories 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.

EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

767.30

629.00

584.00

1,058.00

1,275.00

EOG Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																1,058.00	1,131.00	1,355.00	1,379.00	1,275.00

EOG Resources Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

EOG Resources (NYSE:EOG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

EOG Resources's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5278	+	0.75 * 2716	+	0.5 * 1275	-	15767
-	0	-	0)	/	580.86
=	-13.45

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

EOG Resources's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1327	/	1486	*	365 / 4
	=	81.49

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

EOG Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1486	/	1327
	=	1.12

4. 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.

EOG Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1327	/	6030
	=	0.22

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

EOG Resources Total Inventories Related Terms

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EOG Resources (EOG Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (NYSE:EOG) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

EOG:Mexico EO5:Germany E1OG34:Brazil EOGR:Austria

Address

1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002

Website

https://www.eogresources.com

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

Executives

Helms Lloyd W Jr	officer: EVP, Operations	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Jeffrey R. Leitzell	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Michael T. Kerr	director	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Kenneth W. Boedeker	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Michael P Donaldson	officer: VP, General Counsel & Corp Sec	1111 BAGBY STREET, SKY LOBBY 2, HOUSTON TX 77002
Timothy K Driggers	officer: VP Accounting & Land Admin
Ann D. Janssen	officer: VP, Accounting	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Ezra Y Yacob	officer: EVP Exploration and Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Donald F Textor	director	P O BOX 4362, HOUSTON TX 772104362
Frank G Wisner	director	P O BOX 4362, HOUSTON TX 7721042362
Julie J Robertson	director	13135 S DAIRY ASHFORD, STE 800, SUGAR LAND TX 77478
David W Trice	officer: EVP, Exploration & Production	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002
William R. Thomas	officer: Sr. Executive VP, Exploitation	1111 BAGBY, SKY LOBBY 2, HOUSTON TX 77002