Diamondback Energy (Diamondback Energy) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is Diamondback Energy Change In Inventory?

Diamondback Energy's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Diamondback Energy's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Diamondback Energy's change in inventory for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Diamondback Energy's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Diamondback Energy's Total Inventories for the quarter that ended in Dec. 2023 was $63 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diamondback Energy's Days Inventory for the quarter that ended in Dec. 2023 was 6.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Diamondback Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.59.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Diamondback Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Diamondback Energy Change In Inventory Historical Data

The historical data trend for Diamondback Energy's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Diamondback Energy Change In Inventory Chart

Diamondback Energy Annual Data

Trend

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Dec23

Change In Inventory

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Diamondback Energy Quarterly Data
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Diamondback Energy Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Diamondback Energy (NAS:FANG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Diamondback Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	66.5	/	970	*	365 / 4
	=	6.26

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Diamondback Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	970	/	66.5
	=	14.59

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Diamondback Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	66.5	/	2217
	=	0.03

Diamondback Energy Change In Inventory Related Terms

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Diamondback Energy (Diamondback Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (NAS:FANG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

FANG:Mexico 7DB:Germany 7DB:Germany 7DB:Germany

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

Executives

Van't Hof Matthew Kaes	officer: Sr. VP - Strategy & Corp Dev	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
David L Houston	director	14313 NORTH MAY AVENUE, OKLAHOMA CITY OK 73134
Matt Zmigrosky	officer: Exec. VP and General Counsel	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Steven E West	director	411 WEST PUTNAM AVE., SUITE 125, GREENWICH CT 06830
Daniel N Wesson	officer: Exec. VP - Operations	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Travis D. Stice	director, officer: Chief Executive Officer	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Frank D. Tsuru	director	500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Rebecca A Klein	director	1411 E MISSION AVE, SPOKANE WA 99202
Teresa L. Dick	officer: CFO, Exec. VP, Assist. Sec.	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Jennifer Soliman	officer: Sr. VP and Chief HR Officer	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Russell Pantermuehl	officer: Exec. VP Reservoir Engineering	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Michael P Cross	director	515 CENTRAL PARK, OKLAHOMA CITY OK 73101
Thomas F. Hawkins	officer: Sr. VP - Land	500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Stephanie K. Mains	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Vincent K Brooks	director	900 POLO CLUB DRIVE, AUSTIN TX 78737