Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Pioneer Natural Resources Co., short-term (operating) activity ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 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).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Pioneer Natural Resources Co. inventory turnover ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Pioneer Natural Resources Co. receivables turnover ratio deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Pioneer Natural Resources Co. payables turnover ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023. |
| 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. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Pioneer Natural Resources Co. number of days of receivables outstanding deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Pioneer Natural Resources Co. operating cycle deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
| 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. | Pioneer Natural Resources Co. number of days of payables outstanding increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023. |
| 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. |
Inventory Turnover
Pioneer Natural Resources Co., inventory turnover calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Revenue from contracts with purchasers | 5,076) | 5,141) | 4,560) | 4,597) | 5,175) | 6,057) | 7,005) | 6,147) | 5,576) | 4,961) | 4,269) | 3,064) | 2,016) | 1,857) | 1,141) | 2,010) | 2,642) | 2,406) | 2,379) | 2,244) | ||||||
| Inventories | 476) | 496) | 448) | 487) | 424) | 420) | 606) | 493) | 369) | 340) | 350) | 327) | 224) | 191) | 170) | 188) | 205) | 246) | 249) | 253) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Inventory turnover1 | 40.70 | 39.26 | 45.51 | 46.89 | 57.51 | 59.01 | 39.09 | 42.50 | 48.43 | 42.09 | 32.02 | 24.70 | 31.36 | 40.05 | 48.23 | 50.20 | 47.18 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 22.86 | 21.48 | 23.28 | 25.16 | 28.58 | 25.22 | 26.71 | 27.10 | 24.68 | 21.96 | 18.60 | 17.05 | 16.64 | 18.34 | 20.86 | 20.59 | 23.92 | — | — | — | ||||||
| ConocoPhillips | 40.16 | 45.23 | 53.99 | 60.05 | 64.39 | 61.22 | 52.97 | 45.80 | 37.94 | 34.71 | 25.71 | 20.45 | 18.75 | 20.31 | 24.82 | 40.74 | 31.74 | — | — | — | ||||||
| Exxon Mobil Corp. | 13.32 | 14.16 | 15.02 | 16.69 | 16.32 | 16.05 | 14.93 | 13.84 | 14.73 | 12.30 | 11.14 | 9.86 | 9.47 | 10.95 | 10.88 | 15.09 | 13.79 | — | — | — | ||||||
| Marathon Petroleum Corp. | 13.80 | 12.77 | 13.99 | 14.21 | 17.18 | 15.28 | 12.76 | 13.08 | 13.66 | 10.32 | 9.25 | 7.91 | 8.22 | 10.24 | 10.69 | 14.05 | 10.76 | — | — | — | ||||||
| Occidental Petroleum Corp. | 13.97 | 14.84 | 15.60 | 15.37 | 17.79 | 18.75 | 21.57 | 20.63 | 14.06 | 12.52 | 10.63 | 7.59 | 9.38 | 12.01 | 14.56 | 16.02 | 14.09 | — | — | — | ||||||
| Valero Energy Corp. | 17.39 | 18.02 | 20.28 | 20.76 | 23.64 | 23.61 | 20.24 | 17.64 | 17.69 | 15.05 | 13.32 | 10.66 | 10.87 | 13.94 | 15.61 | 28.30 | 14.76 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Inventory turnover
= (Revenue from contracts with purchasersQ4 2023
+ Revenue from contracts with purchasersQ3 2023
+ Revenue from contracts with purchasersQ2 2023
+ Revenue from contracts with purchasersQ1 2023)
÷ Inventories
= (5,076 + 5,141 + 4,560 + 4,597)
÷ 476 = 40.70
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. | Pioneer Natural Resources Co. inventory turnover ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023. |
Receivables Turnover
Pioneer Natural Resources Co., receivables turnover calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Revenue from contracts with purchasers | 5,076) | 5,141) | 4,560) | 4,597) | 5,175) | 6,057) | 7,005) | 6,147) | 5,576) | 4,961) | 4,269) | 3,064) | 2,016) | 1,857) | 1,141) | 2,010) | 2,642) | 2,406) | 2,379) | 2,244) | ||||||
| Accounts receivable, net | 1,590) | 1,850) | 1,513) | 1,392) | 1,853) | 1,938) | 2,344) | 2,397) | 1,685) | 1,680) | 1,670) | 1,273) | 695) | 662) | 566) | 555) | 1,035) | 853) | 789) | 877) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Receivables turnover1 | 12.18 | 10.53 | 13.48 | 16.40 | 13.16 | 12.79 | 10.11 | 8.74 | 10.61 | 8.52 | 6.71 | 6.35 | 10.11 | 11.56 | 14.49 | 17.00 | 9.34 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 9.88 | 9.21 | 11.10 | 12.21 | 11.52 | 10.11 | 7.67 | 7.60 | 8.45 | 8.12 | 7.39 | 6.79 | 8.24 | 10.72 | 13.42 | 13.32 | 10.50 | — | — | — | ||||||
| ConocoPhillips | 10.28 | 10.60 | 14.77 | 14.31 | 11.09 | 10.23 | 8.09 | 6.89 | 7.00 | 6.78 | 6.65 | 5.17 | 7.13 | 10.59 | 17.42 | 13.98 | 9.97 | — | — | — | ||||||
| Marathon Petroleum Corp. | 12.77 | 12.19 | 15.26 | 17.18 | 13.17 | 12.85 | 9.22 | 8.64 | 10.87 | 10.79 | 8.98 | 9.41 | 12.11 | 16.88 | 22.14 | 21.12 | 15.75 | — | — | — | ||||||
| Occidental Petroleum Corp. | 8.84 | 7.98 | 11.07 | 10.85 | 8.56 | 8.98 | 5.31 | 5.34 | 6.17 | 6.39 | 5.94 | 5.41 | 8.42 | 9.57 | 9.12 | 9.36 | 3.20 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Receivables turnover
= (Revenue from contracts with purchasersQ4 2023
+ Revenue from contracts with purchasersQ3 2023
+ Revenue from contracts with purchasersQ2 2023
+ Revenue from contracts with purchasersQ1 2023)
÷ Accounts receivable, net
= (5,076 + 5,141 + 4,560 + 4,597)
÷ 1,590 = 12.18
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. | Pioneer Natural Resources Co. receivables turnover ratio deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
Payables Turnover
Pioneer Natural Resources Co., payables turnover calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Revenue from contracts with purchasers | 5,076) | 5,141) | 4,560) | 4,597) | 5,175) | 6,057) | 7,005) | 6,147) | 5,576) | 4,961) | 4,269) | 3,064) | 2,016) | 1,857) | 1,141) | 2,010) | 2,642) | 2,406) | 2,379) | 2,244) | ||||||
| Accounts payable, trade | 2,414) | 2,577) | 2,298) | 2,265) | 2,487) | 2,328) | 2,549) | 2,608) | 2,380) | 2,227) | 2,293) | 1,698) | 928) | 871) | 787) | 973) | 1,221) | 1,202) | 1,324) | 1,536) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Payables turnover1 | 8.03 | 7.56 | 8.87 | 10.08 | 9.80 | 10.65 | 9.29 | 8.03 | 7.51 | 6.43 | 4.89 | 4.76 | 7.57 | 8.78 | 10.42 | 9.70 | 7.92 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 9.64 | 9.35 | 11.48 | 12.94 | 12.44 | 10.46 | 8.28 | 8.78 | 9.46 | 8.79 | 7.88 | 7.45 | 8.63 | 10.93 | 13.94 | 12.30 | 9.92 | — | — | — | ||||||
| ConocoPhillips | 11.04 | 11.72 | 14.52 | 14.88 | 12.84 | 12.02 | 11.18 | 11.03 | 9.16 | 8.83 | 8.15 | 5.94 | 7.04 | 9.47 | 11.83 | 10.20 | 10.25 | — | — | — | ||||||
| Marathon Petroleum Corp. | 9.34 | 8.18 | 10.22 | 11.20 | 9.91 | 9.01 | 6.27 | 6.27 | 8.03 | 7.79 | 6.75 | 6.68 | 8.42 | 11.31 | 14.15 | 12.91 | 9.48 | — | — | — | ||||||
| Occidental Petroleum Corp. | 7.75 | 7.50 | 8.87 | 10.11 | 9.09 | 9.78 | 6.49 | 6.22 | 6.66 | 5.98 | 5.51 | 4.83 | 5.96 | 7.43 | 7.09 | 5.98 | 2.91 | — | — | — | ||||||
| Valero Energy Corp. | 10.49 | 10.15 | 13.04 | 14.75 | 12.54 | 12.04 | 8.69 | 8.31 | 8.87 | 9.54 | 8.00 | 6.88 | 10.79 | 14.26 | 18.19 | 17.61 | 10.15 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Payables turnover
= (Revenue from contracts with purchasersQ4 2023
+ Revenue from contracts with purchasersQ3 2023
+ Revenue from contracts with purchasersQ2 2023
+ Revenue from contracts with purchasersQ1 2023)
÷ Accounts payable, trade
= (5,076 + 5,141 + 4,560 + 4,597)
÷ 2,414 = 8.03
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. | Pioneer Natural Resources Co. payables turnover ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023. |
Working Capital Turnover
Pioneer Natural Resources Co., working capital turnover calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current assets | 2,605) | 2,785) | 2,342) | 3,471) | 3,726) | 4,283) | 6,321) | 6,249) | 6,173) | 2,841) | 2,359) | 2,552) | 2,595) | 2,420) | 1,195) | 2,069) | 2,191) | 1,923) | 2,175) | 2,505) | ||||||
| Less: Current liabilities | 2,974) | 3,283) | 3,199) | 3,935) | 3,887) | 4,170) | 4,749) | 4,056) | 4,073) | 4,535) | 4,273) | 3,243) | 1,906) | 1,688) | 1,584) | 2,080) | 2,496) | 2,460) | 2,525) | 2,532) | ||||||
| Working capital | (369) | (498) | (857) | (464) | (161) | 113) | 1,572) | 2,193) | 2,100) | (1,694) | (1,914) | (691) | 689) | 732) | (389) | (11) | (305) | (537) | (350) | (27) | ||||||
| Revenue from contracts with purchasers | 5,076) | 5,141) | 4,560) | 4,597) | 5,175) | 6,057) | 7,005) | 6,147) | 5,576) | 4,961) | 4,269) | 3,064) | 2,016) | 1,857) | 1,141) | 2,010) | 2,642) | 2,406) | 2,379) | 2,244) | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Working capital turnover1 | — | — | — | — | — | 219.34 | 15.07 | 9.55 | 8.51 | — | — | — | 10.19 | 10.45 | — | — | — | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 22.20 | 23.91 | 16.54 | 15.89 | 14.61 | 15.53 | 17.08 | 13.09 | 22.40 | 19.37 | 24.04 | 32.46 | 24.25 | 20.28 | 39.55 | 414.01 | 77.75 | — | — | — | ||||||
| ConocoPhillips | 12.98 | 8.76 | 16.88 | 16.56 | 13.30 | 11.63 | 9.84 | 9.02 | 11.37 | 3.72 | 3.24 | 3.02 | 2.80 | 3.27 | 3.51 | 4.18 | 3.30 | — | — | — | ||||||
| Exxon Mobil Corp. | 10.70 | 11.56 | 12.16 | 12.91 | 13.95 | 15.33 | 26.98 | 59.06 | 110.19 | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 12.38 | 10.45 | 10.63 | 11.29 | 11.66 | 12.38 | 11.41 | 12.01 | 9.52 | 5.95 | 4.60 | 4.92 | 5.53 | 6.93 | 30.75 | 55.50 | 30.81 | — | — | — | ||||||
| Occidental Petroleum Corp. | — | — | — | 50.58 | 32.45 | 44.63 | 49.75 | 21.36 | 13.76 | 28.72 | 5.99 | 11.43 | 29.88 | 102.74 | — | 10.72 | 5.46 | — | — | — | ||||||
| Valero Energy Corp. | 15.37 | 16.82 | 17.97 | 21.87 | 26.44 | 31.24 | 28.60 | 37.33 | 26.42 | 21.15 | 15.70 | 12.04 | 9.89 | 10.44 | 16.04 | 38.84 | 18.65 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Working capital turnover
= (Revenue from contracts with purchasersQ4 2023
+ Revenue from contracts with purchasersQ3 2023
+ Revenue from contracts with purchasersQ2 2023
+ Revenue from contracts with purchasersQ1 2023)
÷ Working capital
= (5,076 + 5,141 + 4,560 + 4,597)
÷ -369 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
Pioneer Natural Resources Co., average inventory processing period calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||
| Inventory turnover | 40.70 | 39.26 | 45.51 | 46.89 | 57.51 | 59.01 | 39.09 | 42.50 | 48.43 | 42.09 | 32.02 | 24.70 | 31.36 | 40.05 | 48.23 | 50.20 | 47.18 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average inventory processing period1 | 9 | 9 | 8 | 8 | 6 | 6 | 9 | 9 | 8 | 9 | 11 | 15 | 12 | 9 | 8 | 7 | 8 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 16 | 17 | 16 | 15 | 13 | 14 | 14 | 13 | 15 | 17 | 20 | 21 | 22 | 20 | 17 | 18 | 15 | — | — | — | ||||||
| ConocoPhillips | 9 | 8 | 7 | 6 | 6 | 6 | 7 | 8 | 10 | 11 | 14 | 18 | 19 | 18 | 15 | 9 | 11 | — | — | — | ||||||
| Exxon Mobil Corp. | 27 | 26 | 24 | 22 | 22 | 23 | 24 | 26 | 25 | 30 | 33 | 37 | 39 | 33 | 34 | 24 | 26 | — | — | — | ||||||
| Marathon Petroleum Corp. | 26 | 29 | 26 | 26 | 21 | 24 | 29 | 28 | 27 | 35 | 39 | 46 | 44 | 36 | 34 | 26 | 34 | — | — | — | ||||||
| Occidental Petroleum Corp. | 26 | 25 | 23 | 24 | 21 | 19 | 17 | 18 | 26 | 29 | 34 | 48 | 39 | 30 | 25 | 23 | 26 | — | — | — | ||||||
| Valero Energy Corp. | 21 | 20 | 18 | 18 | 15 | 15 | 18 | 21 | 21 | 24 | 27 | 34 | 34 | 26 | 23 | 13 | 25 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 40.70 = 9
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. |
Average Receivable Collection Period
Pioneer Natural Resources Co., average receivable collection period calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||
| Receivables turnover | 12.18 | 10.53 | 13.48 | 16.40 | 13.16 | 12.79 | 10.11 | 8.74 | 10.61 | 8.52 | 6.71 | 6.35 | 10.11 | 11.56 | 14.49 | 17.00 | 9.34 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average receivable collection period1 | 30 | 35 | 27 | 22 | 28 | 29 | 36 | 42 | 34 | 43 | 54 | 58 | 36 | 32 | 25 | 21 | 39 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 37 | 40 | 33 | 30 | 32 | 36 | 48 | 48 | 43 | 45 | 49 | 54 | 44 | 34 | 27 | 27 | 35 | — | — | — | ||||||
| ConocoPhillips | 36 | 34 | 25 | 26 | 33 | 36 | 45 | 53 | 52 | 54 | 55 | 71 | 51 | 34 | 21 | 26 | 37 | — | — | — | ||||||
| Marathon Petroleum Corp. | 29 | 30 | 24 | 21 | 28 | 28 | 40 | 42 | 34 | 34 | 41 | 39 | 30 | 22 | 16 | 17 | 23 | — | — | — | ||||||
| Occidental Petroleum Corp. | 41 | 46 | 33 | 34 | 43 | 41 | 69 | 68 | 59 | 57 | 61 | 67 | 43 | 38 | 40 | 39 | 114 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.18 = 30
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. | Pioneer Natural Resources Co. number of days of receivables outstanding deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
Operating Cycle
Pioneer Natural Resources Co., operating cycle calculation (quarterly data)
No. days
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||
| Average inventory processing period | 9 | 9 | 8 | 8 | 6 | 6 | 9 | 9 | 8 | 9 | 11 | 15 | 12 | 9 | 8 | 7 | 8 | — | — | — | ||||||
| Average receivable collection period | 30 | 35 | 27 | 22 | 28 | 29 | 36 | 42 | 34 | 43 | 54 | 58 | 36 | 32 | 25 | 21 | 39 | — | — | — | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Operating cycle1 | 39 | 44 | 35 | 30 | 34 | 35 | 45 | 51 | 42 | 52 | 65 | 73 | 48 | 41 | 33 | 28 | 47 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 53 | 57 | 49 | 45 | 45 | 50 | 62 | 61 | 58 | 62 | 69 | 75 | 66 | 54 | 44 | 45 | 50 | — | — | — | ||||||
| ConocoPhillips | 45 | 42 | 32 | 32 | 39 | 42 | 52 | 61 | 62 | 65 | 69 | 89 | 70 | 52 | 36 | 35 | 48 | — | — | — | ||||||
| Marathon Petroleum Corp. | 55 | 59 | 50 | 47 | 49 | 52 | 69 | 70 | 61 | 69 | 80 | 85 | 74 | 58 | 50 | 43 | 57 | — | — | — | ||||||
| Occidental Petroleum Corp. | 67 | 71 | 56 | 58 | 64 | 60 | 86 | 86 | 85 | 86 | 95 | 115 | 82 | 68 | 65 | 62 | 140 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 9 + 30 = 39
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. | Pioneer Natural Resources Co. operating cycle deteriorated from Q2 2023 to Q3 2023 but then improved from Q3 2023 to Q4 2023 not reaching Q2 2023 level. |
Average Payables Payment Period
Pioneer Natural Resources Co., average payables payment period calculation (quarterly data)
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||
| Payables turnover | 8.03 | 7.56 | 8.87 | 10.08 | 9.80 | 10.65 | 9.29 | 8.03 | 7.51 | 6.43 | 4.89 | 4.76 | 7.57 | 8.78 | 10.42 | 9.70 | 7.92 | — | — | — | ||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||
| Average payables payment period1 | 45 | 48 | 41 | 36 | 37 | 34 | 39 | 45 | 49 | 57 | 75 | 77 | 48 | 42 | 35 | 38 | 46 | — | — | — | ||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 38 | 39 | 32 | 28 | 29 | 35 | 44 | 42 | 39 | 42 | 46 | 49 | 42 | 33 | 26 | 30 | 37 | — | — | — | ||||||
| ConocoPhillips | 33 | 31 | 25 | 25 | 28 | 30 | 33 | 33 | 40 | 41 | 45 | 61 | 52 | 39 | 31 | 36 | 36 | — | — | — | ||||||
| Marathon Petroleum Corp. | 39 | 45 | 36 | 33 | 37 | 41 | 58 | 58 | 45 | 47 | 54 | 55 | 43 | 32 | 26 | 28 | 38 | — | — | — | ||||||
| Occidental Petroleum Corp. | 47 | 49 | 41 | 36 | 40 | 37 | 56 | 59 | 55 | 61 | 66 | 76 | 61 | 49 | 51 | 61 | 126 | — | — | — | ||||||
| Valero Energy Corp. | 35 | 36 | 28 | 25 | 29 | 30 | 42 | 44 | 41 | 38 | 46 | 53 | 34 | 26 | 20 | 21 | 36 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 8.03 = 45
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. | Pioneer Natural Resources Co. number of days of payables outstanding increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023. |
Cash Conversion Cycle
Pioneer Natural Resources Co., cash conversion cycle calculation (quarterly data)
No. days
| Dec 31, 2023 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||
| Average inventory processing period | 9 | 9 | 8 | 8 | 6 | 6 | 9 | 9 | 8 | 9 | 11 | 15 | 12 | 9 | 8 | 7 | 8 | — | — | — | ||||||
| Average receivable collection period | 30 | 35 | 27 | 22 | 28 | 29 | 36 | 42 | 34 | 43 | 54 | 58 | 36 | 32 | 25 | 21 | 39 | — | — | — | ||||||
| Average payables payment period | 45 | 48 | 41 | 36 | 37 | 34 | 39 | 45 | 49 | 57 | 75 | 77 | 48 | 42 | 35 | 38 | 46 | — | — | — | ||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||
| Cash conversion cycle1 | -6 | -4 | -6 | -6 | -3 | 1 | 6 | 6 | -7 | -5 | -10 | -4 | 0 | -1 | -2 | -10 | 1 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||
| Chevron Corp. | 15 | 18 | 17 | 17 | 16 | 15 | 18 | 19 | 19 | 20 | 23 | 26 | 24 | 21 | 18 | 15 | 13 | — | — | — | ||||||
| ConocoPhillips | 12 | 11 | 7 | 7 | 11 | 12 | 19 | 28 | 22 | 24 | 24 | 28 | 18 | 13 | 5 | -1 | 12 | — | — | — | ||||||
| Marathon Petroleum Corp. | 16 | 14 | 14 | 14 | 12 | 11 | 11 | 12 | 16 | 22 | 26 | 30 | 31 | 26 | 24 | 15 | 19 | — | — | — | ||||||
| Occidental Petroleum Corp. | 20 | 22 | 15 | 22 | 24 | 23 | 30 | 27 | 30 | 25 | 29 | 39 | 21 | 19 | 14 | 1 | 14 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 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).
1 Q4 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 9 + 30 – 45 = -6
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. |