EOG Resources (EOG Resources) Inventory-to-Revenue : 0.22 (As of Dec. 2023)

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What is EOG Resources 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. EOG Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,327 Mil. EOG Resources's Revenue for the three months ended in Dec. 2023 was $6,030 Mil. EOG Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

EOG Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.22) to Sep. 2023 (0.22)

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. 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.

EOG Resources Inventory-to-Revenue Historical Data

The historical data trend for EOG Resources'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.

* Premium members only.

EOG Resources Inventory-to-Revenue Chart

EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.05

0.07

0.03

0.05

EOG Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.15	0.20	0.23	0.22	0.22

Competitive Comparison of EOG Resources's Inventory-to-Revenue

For the Oil & Gas E&P subindustry, EOG Resources'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.

EOG Resources's Inventory-to-Revenue Distribution in the Oil & Gas Industry

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

* The bar in red indicates where EOG Resources's Inventory-to-Revenue falls into.

EOG Resources Inventory-to-Revenue Calculation

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

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (1058	+	1275)	/	2 )	/	23182
=	1166.5					/	23182
=	0.05

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

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (1379	+	1275)	/	2 )	/	6030
=	1327					/	6030
=	0.22

EOG Resources (NYSE:EOG) 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.

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

2. 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

EOG Resources Inventory-to-Revenue 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 » Inventory-to-Revenue

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