Analysis of Inventory
Inventory Disclosure
Diamondback Energy Inc., balance sheet: inventory
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Inventory levels exhibited significant volatility over the five-year period ending December 31, 2021, characterized by two primary growth phases separated by a period of relative stability. The overall trajectory indicates a substantial net increase in the value of inventories held, concluding the period at its highest recorded level.
- Initial Expansion (2017-2018)
- A sharp increase was observed between 2017 and 2018, with inventory levels rising from US$ 9 million to US$ 38 million. This represents a significant scaling of inventory holdings within a single fiscal year.
- Stabilization Phase (2018-2020)
- Following the initial surge, inventory valuations remained relatively consistent, experiencing a marginal downward trend from US$ 38 million in 2018 to US$ 33 million by the end of 2020.
- Recent Growth (2020-2021)
- A pronounced upward trend occurred in the most recent period, as inventories rose from US$ 33 million in 2020 to US$ 62 million in 2021. This increase represents an 87.9% growth in a single year, marking the peak valuation for the analyzed timeframe.
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