Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Pioneer Natural Resources Co., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 0.58 0.78 0.60 0.44 0.60
Net fixed asset turnover (including operating lease, right-of-use asset) 0.58 0.77 0.59 0.43 0.59
Total asset turnover 0.53 0.68 0.49 0.37 0.51
Equity turnover 0.84 1.08 0.78 0.61 0.80

Based on: 10-K (reporting date: 2023-12-31), 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Pioneer Natural Resources Co. net fixed asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
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). Pioneer Natural Resources Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Pioneer Natural Resources Co. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Pioneer Natural Resources Co. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Net Fixed Asset Turnover

Pioneer Natural Resources Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
Property and equipment, net 33,189 31,288 29,876 16,023 16,077
Long-term Activity Ratio
Net fixed asset turnover1 0.58 0.78 0.60 0.44 0.60
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.28 1.64 1.06 0.60 0.93
ConocoPhillips 0.80 1.21 0.71 0.47 0.77
Exxon Mobil Corp. 1.56 1.95 1.28 0.78 1.01
Marathon Petroleum Corp. 4.23 4.98 3.20 1.79 2.72
Occidental Petroleum Corp. 0.48 0.63 0.43 0.27 0.25
Valero Energy Corp. 4.79 5.69 3.69 2.14 3.70
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.56 1.98 1.29 0.78 1.12
Net Fixed Asset Turnover, Industry
Energy 1.60 2.01 1.31 0.82 1.15

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Net fixed asset turnover = Revenue from contracts with purchasers ÷ Property and equipment, net
= 19,374 ÷ 33,189 = 0.58

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. Pioneer Natural Resources Co. net fixed asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Pioneer Natural Resources Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
 
Property and equipment, net 33,189 31,288 29,876 16,023 16,077
Operating lease right-of-use assets 398 340 348 197 280
Property and equipment, net (including operating lease, right-of-use asset) 33,587 31,628 30,224 16,220 16,357
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.58 0.77 0.59 0.43 0.59
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.24 1.59 1.03 0.59 0.90
ConocoPhillips 0.79 1.20 0.70 0.46 0.75
Exxon Mobil Corp. 1.51 1.89 1.24 0.76 0.98
Marathon Petroleum Corp. 4.08 4.81 3.09 1.72 2.58
Occidental Petroleum Corp. 0.47 0.62 0.43 0.27 0.25
Valero Energy Corp. 4.62 5.50 3.55 2.05 3.54
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 1.52 1.93 1.26 0.76 1.09
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Energy 1.55 1.95 1.28 0.79 1.12

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue from contracts with purchasers ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 19,374 ÷ 33,587 = 0.58

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). Pioneer Natural Resources Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Total Asset Turnover

Pioneer Natural Resources Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
Total assets 36,613 35,740 36,811 19,229 19,067
Long-term Activity Ratio
Total asset turnover1 0.53 0.68 0.49 0.37 0.51
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.75 0.91 0.65 0.39 0.59
ConocoPhillips 0.59 0.84 0.51 0.30 0.46
Exxon Mobil Corp. 0.89 1.08 0.82 0.54 0.70
Marathon Petroleum Corp. 1.73 1.97 1.41 0.82 1.26
Occidental Petroleum Corp. 0.38 0.50 0.35 0.22 0.19
Valero Energy Corp. 2.30 2.89 1.97 1.25 2.01
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 0.93 1.15 0.82 0.52 0.73
Total Asset Turnover, Industry
Energy 0.92 1.13 0.81 0.52 0.72

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Total asset turnover = Revenue from contracts with purchasers ÷ Total assets
= 19,374 ÷ 36,613 = 0.53

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. Pioneer Natural Resources Co. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Equity Turnover

Pioneer Natural Resources Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
Equity 23,171 22,541 22,837 11,569 12,119
Long-term Activity Ratio
Equity turnover1 0.84 1.08 0.78 0.61 0.80
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.22 1.48 1.12 0.72 0.97
ConocoPhillips 1.14 1.64 1.01 0.63 0.93
Exxon Mobil Corp. 1.63 2.04 1.64 1.14 1.33
Marathon Petroleum Corp. 6.08 6.40 4.58 3.14 3.68
Occidental Petroleum Corp. 0.93 1.22 1.28 0.96 0.60
Valero Energy Corp. 5.49 7.49 6.18 3.45 4.97
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 1.79 2.23 1.71 1.16 1.46
Equity Turnover, Industry
Energy 1.78 2.21 1.71 1.18 1.46

Based on: 10-K (reporting date: 2023-12-31), 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).

1 2023 Calculation
Equity turnover = Revenue from contracts with purchasers ÷ Equity
= 19,374 ÷ 23,171 = 0.84

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. Pioneer Natural Resources Co. equity turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.