EOG Resources Inc. (EOG)


Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level


Short-term Activity Ratios (Summary)

EOG Resources Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Turnover Ratios
Inventory turnover 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64 3.55 3.75 3.35 3.59
Receivables turnover 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41 10.33 11.15 12.85 10.14
Payables turnover 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48 1.50 1.33 1.17 0.89
Working capital turnover 50.96 222.34 29.10 13.00 40.93 16.41 20.25 17.59 14.74 6.54 5.01 7.01 9.62 9.53 11.33 14.92 9.97 9.58 8.88
Average No. Days
Average inventory processing period 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100 103 97 109 102
Add: Average receivable collection period 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39 35 33 28 36
Operating cycle 150 162 171 167 169 163 156 143 111 107 112 128 133 143 135 139 138 130 137 138
Less: Average payables payment period 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247 243 275 311 412
Cash conversion cycle -188 -180 -185 -164 -213 -231 -187 -206 -206 -207 -199 -176 -124 -107 -79 -108 -105 -145 -174 -274

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. EOG Resources Inc.’s inventory turnover ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Receivables turnover An activity ratio equal to revenue divided by receivables. EOG Resources Inc.’s receivables turnover ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. EOG Resources Inc.’s payables turnover ratio increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Working capital turnover An activity ratio calculated as revenue divided by working capital. EOG Resources Inc.’s working capital turnover ratio improved from Q1 2019 to Q2 2019 but then slightly deteriorated from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

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. EOG Resources Inc.’s number of days of inventory outstanding improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. EOG Resources Inc.’s operating cycle improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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. EOG Resources Inc.’s number of days of payables outstanding decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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. EOG Resources Inc.’s cash conversion cycle deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 exceeding Q1 2019 level.

Inventory Turnover

EOG Resources Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in thousands)
Cost of operating revenues 675,797  634,025  624,108  654,933  631,658  601,570  578,366  516,953  468,098  476,288  472,635  467,681  459,845  427,090  459,843  495,149  522,312  534,494  625,802  660,859  656,028  619,507  597,995 
Inventories 778,120  853,128  860,764  859,359  766,964  670,994  584,729  483,865  344,016  336,198  314,194  350,017  429,667  495,826  538,926  598,935  660,252  661,162  764,206  706,597  672,899  667,108  635,419 
Short-term Activity Ratio
Inventory turnover1 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64 3.55 3.75 3.35 3.59
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 17.71 16.13 16.92 20.18 18.56 15.95 16.15 17.05 15.79 14.45 14.38 14.69 13.05 12.53 13.34 14.65 15.02 16.47 19.12 22.28
ConocoPhillips 19.30 17.71 19.30 19.37 15.27 16.63 17.14 16.65 16.79 17.04 15.10 15.38 14.12 14.26 16.77 17.30 20.02 19.21 21.92 23.30
Exxon Mobil Corp. 10.42 10.09 10.47 10.17 10.22 9.77 9.36 9.55 9.17 9.76 9.82 9.03 8.86 8.89 9.40 10.19 11.16 12.85 14.92 16.00
Phillips 66 17.94 19.95 19.23 29.02 18.39 19.37 18.46 24.77 17.65 17.68 16.58 21.19 16.42 16.72 17.74 22.34 20.59 25.55 29.40 41.27

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Inventory turnover = (Cost of operating revenuesQ3 2019 + Cost of operating revenuesQ2 2019 + Cost of operating revenuesQ1 2019 + Cost of operating revenuesQ4 2018) ÷ Inventories
= (675,797 + 634,025 + 624,108 + 654,933) ÷ 778,120 = 3.33

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. EOG Resources Inc.’s inventory turnover ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Receivables Turnover

EOG Resources Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in thousands)
Operating revenues and other 4,303,455  4,697,630  4,058,642  4,574,536  4,781,624  4,238,077  3,681,162  3,340,439  2,644,844  2,612,472  2,610,565  2,402,039  2,118,504  1,775,740  1,354,349  1,796,761  2,172,428  2,469,701  2,318,538  4,645,497  5,118,616  4,187,556  4,083,671 
Accounts receivable, net 1,927,996  2,001,953  2,203,438  1,915,215  2,151,247  1,907,990  1,702,100  1,597,494  1,243,535  1,114,454  1,187,112  1,216,320  920,189  935,592  780,625  930,610  1,123,111  1,304,848  1,266,582  1,779,311  2,009,091  1,902,248  1,801,665 
Short-term Activity Ratio
Receivables turnover1 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41 10.33 11.15 12.85 10.14
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 11.23 10.63 10.53 10.56 9.23 8.80 8.82 8.77 9.09 9.39 8.63 7.82 8.63 8.28 9.69 10.10 10.11 10.10 11.93 11.98
ConocoPhillips 9.93 10.38 9.93 9.29 8.07 8.56 7.54 6.96 8.63 9.11 8.40 7.29 7.33 7.64 7.19 6.85 7.96 7.79 8.54 7.87
Phillips 66 17.59 19.11 17.14 20.59 16.39 17.97 19.09 15.93 17.71 19.37 18.03 15.37 20.18 18.86 23.45 22.44 25.97 23.56 30.47 25.56

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Receivables turnover = (Operating revenues and otherQ3 2019 + Operating revenues and otherQ2 2019 + Operating revenues and otherQ1 2019 + Operating revenues and otherQ4 2018) ÷ Accounts receivable, net
= (4,303,455 + 4,697,630 + 4,058,642 + 4,574,536) ÷ 1,927,996 = 9.15

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. EOG Resources Inc.’s receivables turnover ratio improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Payables Turnover

EOG Resources Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in thousands)
Cost of operating revenues 675,797  634,025  624,108  654,933  631,658  601,570  578,366  516,953  468,098  476,288  472,635  467,681  459,845  427,090  459,843  495,149  522,312  534,494  625,802  660,859  656,028  619,507  597,995 
Accounts payable 2,395,080  2,387,403  2,452,337  2,239,850  2,435,773  2,336,952  1,915,651  1,847,131  1,635,711  1,615,170  1,556,875  1,511,826  1,296,240  1,305,651  1,182,025  1,471,953  1,561,574  1,864,483  2,182,041  2,860,548  2,775,342  2,661,473  2,647,209 
Short-term Activity Ratio
Payables turnover1 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48 1.50 1.33 1.17 0.89
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 7.97 7.42 8.00 8.25 7.30 6.74 6.84 6.54 6.95 7.28 6.51 5.69 6.39 6.00 6.84 6.86 6.73 6.74 7.85 7.63
ConocoPhillips 5.85 5.33 5.13 5.05 4.87 4.99 4.72 4.40 5.08 5.11 4.74 4.31 4.24 4.38 4.40 3.97 4.42 4.21 4.03 3.88
Phillips 66 12.80 13.92 12.37 16.82 12.07 11.25 13.00 11.61 12.28 12.74 12.48 10.44 11.12 10.56 14.39 15.07 14.69 13.60 17.59 18.72

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Payables turnover = (Cost of operating revenuesQ3 2019 + Cost of operating revenuesQ2 2019 + Cost of operating revenuesQ1 2019 + Cost of operating revenuesQ4 2018) ÷ Accounts payable
= (675,797 + 634,025 + 624,108 + 654,933) ÷ 2,395,080 = 1.08

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. EOG Resources Inc.’s payables turnover ratio increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Working Capital Turnover

EOG Resources Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in thousands)
Current assets 4,819,731  4,495,521  4,907,885  5,057,390  4,817,092  4,231,852  3,585,097  3,279,108  2,763,963  3,383,373  3,394,076  3,554,603  2,737,764  2,450,121  2,365,812  2,592,244  2,824,958  3,737,718  4,793,368  5,416,021  4,884,716  4,724,745  4,822,476 
Less: Current liabilities 4,473,713  4,414,057  4,301,268  3,728,364  4,425,147  4,297,301  2,836,758  2,725,542  2,180,024  2,722,254  2,032,007  2,027,291  1,732,963  1,712,261  1,547,972  1,819,287  2,046,961  2,277,581  3,094,752  3,384,308  3,378,746  3,537,487  3,395,642 
Working capital 346,018  81,464  606,617  1,329,026  391,945  (65,449) 748,339  553,566  583,939  661,119  1,362,069  1,527,312  1,004,801  737,860  817,840  772,957  777,997  1,460,137  1,698,616  2,031,713  1,505,970  1,187,258  1,426,834 
 
Operating revenues and other 4,303,455  4,697,630  4,058,642  4,574,536  4,781,624  4,238,077  3,681,162  3,340,439  2,644,844  2,612,472  2,610,565  2,402,039  2,118,504  1,775,740  1,354,349  1,796,761  2,172,428  2,469,701  2,318,538  4,645,497  5,118,616  4,187,556  4,083,671 
Short-term Activity Ratio
Working capital turnover1 50.96 222.34 29.10 13.00 40.93 16.41 20.25 17.59 14.74 6.54 5.01 7.01 9.62 9.53 11.33 14.92 9.97 9.58 8.88
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 38.78 35.92 42.24 23.20 24.21 61.29 126.93 163.64 109.31 103.91 26.18 14.81 47.31 14.63 14.89 13.08 15.38 19.45
ConocoPhillips 3.72 5.32 5.82 6.19 4.76 6.46 5.00 4.09 2.83 2.77 8.15 13.94 11.02 12.57 12.79 25.04 12.24 35.10 14.88
Exxon Mobil Corp.
Phillips 66 30.35 35.16 31.82 26.08 33.57 37.92 35.67 23.90 31.68 25.68 26.09 26.20 44.41 38.76 24.65 20.95 18.15 19.61 22.88 28.78

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Working capital turnover = (Operating revenues and otherQ3 2019 + Operating revenues and otherQ2 2019 + Operating revenues and otherQ1 2019 + Operating revenues and otherQ4 2018) ÷ Working capital
= (4,303,455 + 4,697,630 + 4,058,642 + 4,574,536) ÷ 346,018 = 50.96

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. EOG Resources Inc.’s working capital turnover ratio improved from Q1 2019 to Q2 2019 but then slightly deteriorated from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

Average Inventory Processing Period

EOG Resources Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Inventory turnover 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64 3.55 3.75 3.35 3.59
Short-term Activity Ratio (no. days)
Average inventory processing period1 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100 103 97 109 102
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 21 23 22 18 20 23 23 21 23 25 25 25 28 29 27 25 24 22 19 16
ConocoPhillips 19 21 19 19 24 22 21 22 22 21 24 24 26 26 22 21 18 19 17 16
Exxon Mobil Corp. 35 36 35 36 36 37 39 38 40 37 37 40 41 41 39 36 33 28 24 23
Phillips 66 20 18 19 13 20 19 20 15 21 21 22 17 22 22 21 16 18 14 12 9

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.33 = 110

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. EOG Resources Inc.’s number of days of inventory outstanding improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Average Receivable Collection Period

EOG Resources Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Receivables turnover 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41 10.33 11.15 12.85 10.14
Short-term Activity Ratio (no. days)
Average receivable collection period1 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39 35 33 28 36
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 32 34 35 35 40 41 41 42 40 39 42 47 42 44 38 36 36 36 31 30
ConocoPhillips 37 35 37 39 45 43 48 52 42 40 43 50 50 48 51 53 46 47 43 46
Phillips 66 21 19 21 18 22 20 19 23 21 19 20 24 18 19 16 16 14 15 12 14

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 9.15 = 40

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.

Operating Cycle

EOG Resources Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Average inventory processing period 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100 103 97 109 102
Average receivable collection period 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39 35 33 28 36
Short-term Activity Ratio
Operating cycle1 150 162 171 167 169 163 156 143 111 107 112 128 133 143 135 139 138 130 137 138
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 53 57 57 53 60 64 64 63 63 64 67 72 70 73 65 61 60 58 50 46
ConocoPhillips 56 56 56 58 69 65 69 74 64 61 67 74 76 74 73 74 64 66 60 62
Phillips 66 41 37 40 31 42 39 39 38 42 40 42 41 40 41 37 32 32 29 24 23

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 110 + 40 = 150

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. EOG Resources Inc.’s operating cycle improved from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Average Payables Payment Period

EOG Resources Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Payables turnover 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48 1.50 1.33 1.17 0.89
Short-term Activity Ratio (no. days)
Average payables payment period1 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247 243 275 311 412
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 46 49 46 44 50 54 53 56 52 50 56 64 57 61 53 53 54 54 46 48
ConocoPhillips 62 68 71 72 75 73 77 83 72 71 77 85 86 83 83 92 82 87 91 94
Phillips 66 29 26 30 22 30 32 28 31 30 29 29 35 33 35 25 24 25 27 21 19

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 1.08 = 338

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. EOG Resources Inc.’s number of days of payables outstanding decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Cash Conversion Cycle

EOG Resources Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data
Average inventory processing period 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100 103 97 109 102
Average receivable collection period 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39 35 33 28 36
Average payables payment period 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247 243 275 311 412
Short-term Activity Ratio
Cash conversion cycle1 -188 -180 -185 -164 -213 -231 -187 -206 -206 -207 -199 -176 -124 -107 -79 -108 -105 -145 -174 -274
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 7 8 11 9 10 10 11 7 11 14 11 8 13 12 12 8 6 4 4 -2
ConocoPhillips -6 -12 -15 -14 -6 -8 -8 -9 -8 -10 -10 -11 -10 -9 -10 -18 -18 -21 -31 -32
Phillips 66 12 11 10 9 12 7 11 7 12 11 13 6 7 6 12 8 7 2 3 4

Based on: 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-18), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06).

1 Q3 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 110 + 40338 = -188

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. EOG Resources Inc.’s cash conversion cycle deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 exceeding Q1 2019 level.