Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Diamondback Energy Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Diamondback Energy Inc. inventory turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Diamondback Energy Inc. receivables turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Diamondback Energy Inc. payables turnover ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Diamondback Energy Inc. number of days of receivables outstanding improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Diamondback Energy Inc. operating cycle improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Diamondback Energy Inc. number of days of payables outstanding increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Diamondback Energy Inc. cash conversion cycle improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Inventory Turnover
Diamondback Energy Inc., inventory turnover calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Inventories | 59) | 65) | 62) | 62) | 53) | 52) | 52) | 33) | 33) | 34) | 36) | 37) | 45) | 44) | 39) | 38) | 15) | 13) | 9) | 9) | 5) | 5) | 3) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Inventory turnover1 | 162.19 | 139.22 | 128.45 | 108.82 | 103.58 | 82.69 | 58.56 | 83.52 | 93.67 | 98.24 | 109.11 | 105.05 | 75.98 | 67.96 | 64.23 | 56.69 | 127.97 | 125.76 | 158.49 | 130.25 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 25.22 | 26.71 | 27.10 | 24.68 | 21.96 | 18.60 | 17.05 | 16.64 | 18.34 | 20.86 | 20.59 | 23.92 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 61.22 | 52.97 | 45.80 | 37.94 | 34.71 | 25.71 | 20.45 | 18.75 | 20.31 | 24.82 | 40.74 | 31.74 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 16.05 | 14.93 | 13.84 | 14.73 | 12.30 | 11.14 | 9.86 | 9.47 | 10.95 | 10.88 | 15.09 | 13.79 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 15.28 | 12.76 | 13.08 | 13.66 | 10.32 | 9.25 | 7.91 | 8.22 | 10.24 | 10.69 | 14.05 | 10.76 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 18.75 | 21.57 | 20.63 | 14.06 | 12.52 | 10.63 | 7.59 | 9.38 | 12.01 | 14.56 | 16.02 | 14.09 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 23.61 | 20.24 | 17.64 | 17.69 | 15.05 | 13.32 | 10.66 | 10.87 | 13.94 | 15.61 | 28.30 | 14.76 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Inventory turnover
= (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
÷ Inventories
= (2,417 + 2,752 + 2,389 + 2,011)
÷ 59 = 162.19
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Diamondback Energy Inc. inventory turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Receivables Turnover
Diamondback Energy Inc., receivables turnover calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Accounts receivable, oil and natural gas sales, net | 669) | 961) | 966) | 598) | 712) | 579) | 531) | 281) | 224) | 231) | 225) | 429) | 367) | 349) | 356) | 297) | 182) | 168) | 165) | 159) | 104) | 83) | 83) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Receivables turnover1 | 14.30 | 9.42 | 8.24 | 11.28 | 7.71 | 7.43 | 5.73 | 9.81 | 13.80 | 14.46 | 17.46 | 9.06 | 9.32 | 8.57 | 7.04 | 7.18 | 10.40 | 9.94 | 8.60 | 7.48 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 10.11 | 7.67 | 7.60 | 8.45 | 8.12 | 7.39 | 6.79 | 8.24 | 10.72 | 13.42 | 13.32 | 10.50 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 10.23 | 8.09 | 6.89 | 7.00 | 6.78 | 6.65 | 5.17 | 7.13 | 10.59 | 17.42 | 13.98 | 9.97 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 12.85 | 9.22 | 8.64 | 10.87 | 10.79 | 8.98 | 9.41 | 12.11 | 16.88 | 22.14 | 21.12 | 15.75 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 8.98 | 5.31 | 5.34 | 6.17 | 6.39 | 5.94 | 5.41 | 8.42 | 9.57 | 9.12 | 9.36 | 3.20 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Receivables turnover
= (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
÷ Accounts receivable, oil and natural gas sales, net
= (2,417 + 2,752 + 2,389 + 2,011)
÷ 669 = 14.30
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Diamondback Energy Inc. receivables turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Payables Turnover
Diamondback Energy Inc., payables turnover calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Accounts payable, trade | 139) | 62) | 49) | 36) | 21) | 104) | 71) | 71) | 95) | 189) | 245) | 179) | 233) | 204) | 180) | 128) | 86) | 74) | 63) | 95) | 75) | 28) | 20) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Payables turnover1 | 68.84 | 145.95 | 162.53 | 187.42 | 261.43 | 41.35 | 42.89 | 38.82 | 32.54 | 17.67 | 16.03 | 21.72 | 14.67 | 14.66 | 13.92 | 16.64 | 22.08 | 22.55 | 22.50 | 12.54 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 10.46 | 8.28 | 8.78 | 9.46 | 8.79 | 7.88 | 7.45 | 8.63 | 10.93 | 13.94 | 12.30 | 9.92 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 12.02 | 11.18 | 11.03 | 9.16 | 8.83 | 8.15 | 5.94 | 7.04 | 9.47 | 11.83 | 10.20 | 10.25 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 9.01 | 6.27 | 6.27 | 8.03 | 7.79 | 6.75 | 6.68 | 8.42 | 11.31 | 14.15 | 12.91 | 9.48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 9.78 | 6.49 | 6.22 | 6.66 | 5.98 | 5.51 | 4.83 | 5.96 | 7.43 | 7.09 | 5.98 | 2.91 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 12.04 | 8.69 | 8.31 | 8.87 | 9.54 | 8.00 | 6.88 | 10.79 | 14.26 | 18.19 | 17.61 | 10.15 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Payables turnover
= (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
÷ Accounts payable, trade
= (2,417 + 2,752 + 2,389 + 2,011)
÷ 139 = 68.84
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Diamondback Energy Inc. payables turnover ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Working Capital Turnover
Diamondback Energy Inc., working capital turnover calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 1,031) | 1,201) | 1,347) | 1,446) | 1,464) | 1,142) | 851) | 602) | 558) | 654) | 1,268) | 869) | 845) | 972) | 693) | 925) | 796) | 393) | 324) | 359) | 194) | 221) | 199) | |||||||
| Less: Current liabilities | 1,678) | 1,640) | 1,872) | 1,438) | 1,996) | 1,972) | 1,868) | 1,236) | 1,229) | 1,061) | 1,330) | 1,263) | 1,181) | 1,180) | 1,112) | 1,020) | 722) | 727) | 608) | 577) | 418) | 323) | 244) | |||||||
| Working capital | (647) | (439) | (525) | 8) | (532) | (830) | (1,017) | (634) | (671) | (407) | (62) | (394) | (336) | (208) | (419) | (95) | 74) | (334) | (283) | (219) | (224) | (102) | (45) | |||||||
| Revenue from contracts with customers | 2,417) | 2,752) | 2,389) | 2,011) | 1,897) | 1,667) | 1,172) | 754) | 707) | 412) | 883) | 1,089) | 956) | 1,000) | 842) | 621) | 527) | 515) | 467) | 387) | 299) | 267) | 232) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Working capital turnover1 | — | — | — | 843.38 | — | — | — | — | — | — | — | — | — | — | — | — | 25.65 | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 15.53 | 17.08 | 13.09 | 22.40 | 19.37 | 24.04 | 32.46 | 24.25 | 20.28 | 39.55 | 414.01 | 77.75 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 11.63 | 9.84 | 9.02 | 11.37 | 3.72 | 3.24 | 3.02 | 2.80 | 3.27 | 3.51 | 4.18 | 3.30 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 15.33 | 26.98 | 59.06 | 110.19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 12.38 | 11.41 | 12.01 | 9.52 | 5.95 | 4.60 | 4.92 | 5.53 | 6.93 | 30.75 | 55.50 | 30.81 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 44.63 | 49.75 | 21.36 | 13.76 | 28.72 | 5.99 | 11.43 | 29.88 | 102.74 | — | 10.72 | 5.46 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 31.24 | 28.60 | 37.33 | 26.42 | 21.15 | 15.70 | 12.04 | 9.89 | 10.44 | 16.04 | 38.84 | 18.65 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Working capital turnover
= (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
÷ Working capital
= (2,417 + 2,752 + 2,389 + 2,011)
÷ -647 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
Diamondback Energy Inc., average inventory processing period calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Inventory turnover | 162.19 | 139.22 | 128.45 | 108.82 | 103.58 | 82.69 | 58.56 | 83.52 | 93.67 | 98.24 | 109.11 | 105.05 | 75.98 | 67.96 | 64.23 | 56.69 | 127.97 | 125.76 | 158.49 | 130.25 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average inventory processing period1 | 2 | 3 | 3 | 3 | 4 | 4 | 6 | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 6 | 6 | 3 | 3 | 2 | 3 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 14 | 14 | 13 | 15 | 17 | 20 | 21 | 22 | 20 | 17 | 18 | 15 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 6 | 7 | 8 | 10 | 11 | 14 | 18 | 19 | 18 | 15 | 9 | 11 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 23 | 24 | 26 | 25 | 30 | 33 | 37 | 39 | 33 | 34 | 24 | 26 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 24 | 29 | 28 | 27 | 35 | 39 | 46 | 44 | 36 | 34 | 26 | 34 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 19 | 17 | 18 | 26 | 29 | 34 | 48 | 39 | 30 | 25 | 23 | 26 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 15 | 18 | 21 | 21 | 24 | 27 | 34 | 34 | 26 | 23 | 13 | 25 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 162.19 = 2
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Diamondback Energy Inc., average receivable collection period calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Receivables turnover | 14.30 | 9.42 | 8.24 | 11.28 | 7.71 | 7.43 | 5.73 | 9.81 | 13.80 | 14.46 | 17.46 | 9.06 | 9.32 | 8.57 | 7.04 | 7.18 | 10.40 | 9.94 | 8.60 | 7.48 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average receivable collection period1 | 26 | 39 | 44 | 32 | 47 | 49 | 64 | 37 | 26 | 25 | 21 | 40 | 39 | 43 | 52 | 51 | 35 | 37 | 42 | 49 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 36 | 48 | 48 | 43 | 45 | 49 | 54 | 44 | 34 | 27 | 27 | 35 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 36 | 45 | 53 | 52 | 54 | 55 | 71 | 51 | 34 | 21 | 26 | 37 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 28 | 40 | 42 | 34 | 34 | 41 | 39 | 30 | 22 | 16 | 17 | 23 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 41 | 69 | 68 | 59 | 57 | 61 | 67 | 43 | 38 | 40 | 39 | 114 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 14.30 = 26
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Diamondback Energy Inc. number of days of receivables outstanding improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Operating Cycle
Diamondback Energy Inc., operating cycle calculation (quarterly data)
No. days
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 2 | 3 | 3 | 3 | 4 | 4 | 6 | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 6 | 6 | 3 | 3 | 2 | 3 | — | — | — | |||||||
| Average receivable collection period | 26 | 39 | 44 | 32 | 47 | 49 | 64 | 37 | 26 | 25 | 21 | 40 | 39 | 43 | 52 | 51 | 35 | 37 | 42 | 49 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Operating cycle1 | 28 | 42 | 47 | 35 | 51 | 53 | 70 | 41 | 30 | 29 | 24 | 43 | 44 | 48 | 58 | 57 | 38 | 40 | 44 | 52 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 50 | 62 | 61 | 58 | 62 | 69 | 75 | 66 | 54 | 44 | 45 | 50 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 42 | 52 | 61 | 62 | 65 | 69 | 89 | 70 | 52 | 36 | 35 | 48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 52 | 69 | 70 | 61 | 69 | 80 | 85 | 74 | 58 | 50 | 43 | 57 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 60 | 86 | 86 | 85 | 86 | 95 | 115 | 82 | 68 | 65 | 62 | 140 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 2 + 26 = 28
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Diamondback Energy Inc. operating cycle improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Average Payables Payment Period
Diamondback Energy Inc., average payables payment period calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Payables turnover | 68.84 | 145.95 | 162.53 | 187.42 | 261.43 | 41.35 | 42.89 | 38.82 | 32.54 | 17.67 | 16.03 | 21.72 | 14.67 | 14.66 | 13.92 | 16.64 | 22.08 | 22.55 | 22.50 | 12.54 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average payables payment period1 | 5 | 3 | 2 | 2 | 1 | 9 | 9 | 9 | 11 | 21 | 23 | 17 | 25 | 25 | 26 | 22 | 17 | 16 | 16 | 29 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 35 | 44 | 42 | 39 | 42 | 46 | 49 | 42 | 33 | 26 | 30 | 37 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 30 | 33 | 33 | 40 | 41 | 45 | 61 | 52 | 39 | 31 | 36 | 36 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 41 | 58 | 58 | 45 | 47 | 54 | 55 | 43 | 32 | 26 | 28 | 38 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 37 | 56 | 59 | 55 | 61 | 66 | 76 | 61 | 49 | 51 | 61 | 126 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 30 | 42 | 44 | 41 | 38 | 46 | 53 | 34 | 26 | 20 | 21 | 36 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 68.84 = 5
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Diamondback Energy Inc. number of days of payables outstanding increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Cash Conversion Cycle
Diamondback Energy Inc., cash conversion cycle calculation (quarterly data)
No. days
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 2 | 3 | 3 | 3 | 4 | 4 | 6 | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 6 | 6 | 3 | 3 | 2 | 3 | — | — | — | |||||||
| Average receivable collection period | 26 | 39 | 44 | 32 | 47 | 49 | 64 | 37 | 26 | 25 | 21 | 40 | 39 | 43 | 52 | 51 | 35 | 37 | 42 | 49 | — | — | — | |||||||
| Average payables payment period | 5 | 3 | 2 | 2 | 1 | 9 | 9 | 9 | 11 | 21 | 23 | 17 | 25 | 25 | 26 | 22 | 17 | 16 | 16 | 29 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Cash conversion cycle1 | 23 | 39 | 45 | 33 | 50 | 44 | 61 | 32 | 19 | 8 | 1 | 26 | 19 | 23 | 32 | 35 | 21 | 24 | 28 | 23 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 15 | 18 | 19 | 19 | 20 | 23 | 26 | 24 | 21 | 18 | 15 | 13 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 12 | 19 | 28 | 22 | 24 | 24 | 28 | 18 | 13 | 5 | -1 | 12 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 11 | 11 | 12 | 16 | 22 | 26 | 30 | 31 | 26 | 24 | 15 | 19 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 23 | 30 | 27 | 30 | 25 | 29 | 39 | 21 | 19 | 14 | 1 | 14 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 2 + 26 – 5 = 23
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Diamondback Energy Inc. cash conversion cycle improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |