Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

This company has been moved to the archive! The financial data has not been updated since November 8, 2023.

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Devon Energy Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Net fixed asset turnover 0.81 0.91 1.04 1.06 1.09 1.16 0.95 0.81 0.59 0.43 0.29 0.90 0.92 1.02 1.25 0.72 0.82 0.91 0.69 0.77
Total asset turnover 0.64 0.73 0.82 0.81 0.82 0.75 0.65 0.58 0.42 0.33 0.22 0.49 0.50 0.56 0.65 0.45 0.58 0.55 0.53 0.55
Equity turnover 1.32 1.54 1.75 1.72 1.79 1.73 1.53 1.32 1.00 0.78 0.54 1.67 1.70 1.80 1.84 1.07 1.27 1.31 1.22 1.17

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Devon Energy Corp. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Devon Energy Corp. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Devon Energy Corp. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Net Fixed Asset Turnover

Devon Energy Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Selected Financial Data (US$ in millions)
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Property and equipment, net 19,031 18,763 18,515 18,106 17,793 15,113 15,074 15,008 15,078 15,189 15,274 5,393 5,556 5,686 5,780 8,593 10,177 10,037 13,864 13,935 14,202 14,121 21,383
Long-term Activity Ratio
Net fixed asset turnover1 0.81 0.91 1.04 1.06 1.09 1.16 0.95 0.81 0.59 0.43 0.29 0.90 0.92 1.02 1.25 0.72 0.82 0.91 0.69 0.77
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.32 1.50 1.62 1.64 1.58 1.43 1.22 1.06 0.91 0.77 0.62 0.60 0.73 0.80 0.91 0.93
ConocoPhillips 0.91 1.02 1.16 1.21 1.18 1.02 0.83 0.71 0.64 0.51 0.39 0.47 0.51 0.59 0.73 0.77
Exxon Mobil Corp. 1.68 1.76 1.92 1.95 1.90 1.68 1.44 1.28 1.10 0.96 0.81 0.78 0.78 0.85 1.00 1.01
Marathon Petroleum Corp. 4.38 4.47 4.92 4.98 4.89 4.30 3.64 3.20 2.73 2.31 1.83 1.79 2.09 2.14 2.60 2.72
Occidental Petroleum Corp. 0.50 0.54 0.61 0.63 0.62 0.58 0.49 0.43 0.37 0.32 0.26 0.27 0.29 0.30 0.29 0.25
Pioneer Natural Resources Co. 0.59 0.63 0.72 0.78 0.81 0.78 0.70 0.60 0.42 0.33 0.30 0.44 0.48 0.51 0.58 0.60
Valero Energy Corp. 4.99 5.14 5.66 5.69 5.59 5.06 4.27 3.69 3.11 2.66 2.09 2.14 2.48 2.86 3.48 3.70

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).

1 Q3 2023 Calculation
Net fixed asset turnover = (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022) ÷ Property and equipment, net
= (3,836 + 3,454 + 3,823 + 4,299) ÷ 19,031 = 0.81

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Devon Energy Corp. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Total Asset Turnover

Devon Energy Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Selected Financial Data (US$ in millions)
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Total assets 24,241 23,355 23,420 23,721 23,557 23,194 21,778 21,025 21,057 20,065 20,457 9,912 10,326 10,357 11,144 13,717 14,394 16,649 18,077 19,566 20,172 29,159 29,316
Long-term Activity Ratio
Total asset turnover1 0.64 0.73 0.82 0.81 0.82 0.75 0.65 0.58 0.42 0.33 0.22 0.49 0.50 0.56 0.65 0.45 0.58 0.55 0.53 0.55
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.77 0.85 0.91 0.91 0.87 0.80 0.71 0.65 0.56 0.48 0.40 0.39 0.47 0.51 0.57 0.59
ConocoPhillips 0.64 0.74 0.83 0.84 0.79 0.70 0.58 0.51 0.41 0.34 0.27 0.30 0.33 0.39 0.45 0.46
Exxon Mobil Corp. 0.93 1.00 1.07 1.08 1.05 0.96 0.86 0.82 0.72 0.64 0.54 0.54 0.55 0.59 0.70 0.70
Marathon Petroleum Corp. 1.69 1.81 2.00 1.97 1.93 1.65 1.49 1.41 1.15 0.93 0.81 0.82 0.99 1.14 1.37 1.26
Occidental Petroleum Corp. 0.41 0.44 0.50 0.50 0.50 0.45 0.39 0.35 0.29 0.24 0.21 0.22 0.24 0.24 0.23 0.19
Pioneer Natural Resources Co. 0.54 0.57 0.63 0.68 0.69 0.64 0.57 0.49 0.38 0.30 0.27 0.37 0.40 0.46 0.50 0.51
Valero Energy Corp. 2.39 2.59 2.90 2.89 2.87 2.42 2.18 1.97 1.73 1.46 1.19 1.25 1.47 1.78 2.22 2.01

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).

1 Q3 2023 Calculation
Total asset turnover = (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022) ÷ Total assets
= (3,836 + 3,454 + 3,823 + 4,299) ÷ 24,241 = 0.64

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Devon Energy Corp. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Equity Turnover

Devon Energy Corp., equity turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Selected Financial Data (US$ in millions)
Revenues 3,836 3,454 3,823 4,299 5,432 5,626 3,812 4,561 3,466 2,417 1,762 1,280 1,067 394 2,087 1,589 1,746 1,806 1,079 3,708 2,579 2,249 2,198
Stockholders’ equity attributable to Devon 11,639 11,021 10,977 11,167 10,873 10,090 9,300 9,262 8,924 8,399 8,353 2,885 3,023 3,227 3,919 5,802 6,542 6,994 7,857 9,186 8,898 8,014 8,905
Long-term Activity Ratio
Equity turnover1 1.32 1.54 1.75 1.72 1.79 1.73 1.53 1.32 1.00 0.78 0.54 1.67 1.70 1.80 1.84 1.07 1.27 1.31 1.22 1.17
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.23 1.35 1.46 1.48 1.43 1.34 1.21 1.12 0.99 0.87 0.73 0.72 0.79 0.86 0.94 0.97
ConocoPhillips 1.26 1.40 1.58 1.64 1.53 1.30 1.09 1.01 0.82 0.66 0.52 0.63 0.68 0.77 0.94 0.93
Exxon Mobil Corp. 1.73 1.83 1.99 2.04 2.08 1.99 1.81 1.64 1.50 1.35 1.15 1.14 1.10 1.19 1.37 1.33
Marathon Petroleum Corp. 5.87 6.10 6.49 6.40 6.58 6.06 5.65 4.58 3.63 3.03 3.26 3.14 3.69 4.07 4.89 3.68
Occidental Petroleum Corp. 1.00 1.08 1.20 1.22 1.26 1.21 1.16 1.28 1.18 1.07 0.90 0.96 1.00 0.92 0.74 0.60
Pioneer Natural Resources Co. 0.86 0.93 1.05 1.08 1.08 1.00 0.89 0.78 0.62 0.50 0.45 0.61 0.66 0.70 0.77 0.80
Valero Energy Corp. 5.82 6.08 6.98 7.49 7.78 7.42 7.00 6.18 5.42 4.59 3.57 3.45 3.96 4.42 5.63 4.97

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).

1 Q3 2023 Calculation
Equity turnover = (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022) ÷ Stockholders’ equity attributable to Devon
= (3,836 + 3,454 + 3,823 + 4,299) ÷ 11,639 = 1.32

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Devon Energy Corp. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.