Analysis of Inventory
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Devon Energy Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Analysis of Revenues
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Inventory Disclosure
Devon Energy Corp., balance sheet: inventory
US$ in millions
Based on: 10-K (reporting date: 2022-12-31), 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).
The analysis of the available annual financial data reveals a notable upward trend in inventory levels over the most recent periods. Specifically, inventory, measured in US dollars in millions, was not reported or was missing in the years preceding and including 2020. However, beginning in 2021, inventory was recorded at 114 million US dollars and experienced a significant increase to 201 million US dollars by the end of 2022.
- Inventory Trends
- The inventory value rose sharply from 114 million US dollars in 2021 to 201 million US dollars in 2022, representing a substantial increase in the inventory holding over the one-year period.
- This increase suggests either an accumulation of stockpiled resources or a strategic shift in asset management, potentially reflecting higher procurement, increased production capacity, or changes in supply chain dynamics.
- The absence of data in earlier periods makes it difficult to assess longer-term trends; however, the recent surge in inventory is clearly discernible and may indicate a response to market conditions or operational adjustments.