Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
EOG Resources Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | EOG Resources Inc. net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | EOG Resources Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | EOG Resources Inc. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | EOG Resources Inc. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Net Fixed Asset Turnover
EOG Resources Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating revenues and other | 17,379,973) | 17,275,399) | 11,208,320) | 7,650,632) | 8,757,428) | |
| Property, plant and equipment, net | 30,364,595) | 28,075,519) | 25,665,037) | 25,707,078) | 24,210,721) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.57 | 0.62 | 0.44 | 0.30 | 0.36 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.93 | — | — | — | — | |
| ConocoPhillips | 0.77 | — | — | — | — | |
| Exxon Mobil Corp. | 1.01 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.72 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.70 | — | — | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.13 | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.17 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Operating revenues and other ÷ Property, plant and equipment, net
= 17,379,973 ÷ 30,364,595 = 0.57
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. | EOG Resources Inc. net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
EOG Resources Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating revenues and other | 17,379,973) | 17,275,399) | 11,208,320) | 7,650,632) | 8,757,428) | |
| Property, plant and equipment, net | 30,364,595) | 28,075,519) | 25,665,037) | 25,707,078) | 24,210,721) | |
| Operating lease ROU assets (located in Other assets) | 773,000) | —) | —) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 31,137,595) | 28,075,519) | 25,665,037) | 25,707,078) | 24,210,721) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.56 | 0.62 | 0.44 | 0.30 | 0.36 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 0.90 | — | — | — | — | |
| ConocoPhillips | 0.75 | — | — | — | — | |
| Exxon Mobil Corp. | 0.98 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.58 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.54 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.10 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 1.14 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Operating revenues and other ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 17,379,973 ÷ 31,137,595 = 0.56
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | EOG Resources Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Total Asset Turnover
EOG Resources Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating revenues and other | 17,379,973) | 17,275,399) | 11,208,320) | 7,650,632) | 8,757,428) | |
| Total assets | 37,124,608) | 33,934,474) | 29,833,078) | 29,459,433) | 26,975,244) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.47 | 0.51 | 0.38 | 0.26 | 0.32 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.59 | — | — | — | — | |
| ConocoPhillips | 0.46 | — | — | — | — | |
| Exxon Mobil Corp. | 0.70 | — | — | — | — | |
| Marathon Petroleum Corp. | 1.26 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.19 | — | — | — | — | |
| Valero Energy Corp. | 2.01 | — | — | — | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.73 | — | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.72 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Operating revenues and other ÷ Total assets
= 17,379,973 ÷ 37,124,608 = 0.47
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. | EOG Resources Inc. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Equity Turnover
EOG Resources Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Operating revenues and other | 17,379,973) | 17,275,399) | 11,208,320) | 7,650,632) | 8,757,428) | |
| Stockholders’ equity | 21,640,716) | 19,364,188) | 16,283,273) | 13,981,581) | 12,943,035) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.80 | 0.89 | 0.69 | 0.55 | 0.68 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.97 | — | — | — | — | |
| ConocoPhillips | 0.93 | — | — | — | — | |
| Exxon Mobil Corp. | 1.33 | — | — | — | — | |
| Marathon Petroleum Corp. | 3.68 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.60 | — | — | — | — | |
| Valero Energy Corp. | 4.97 | — | — | — | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.48 | — | — | — | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.47 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Operating revenues and other ÷ Stockholders’ equity
= 17,379,973 ÷ 21,640,716 = 0.80
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. | EOG Resources Inc. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |