EOG Resources (LTS:0IDR) Change In Inventory : $-37 Mil (TTM As of Mar. 2024)

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What is EOG Resources Change In Inventory?

EOG Resources's change in inventory for the quarter that ended in Mar. 2024 was $117 Mil. It means EOG Resources's inventory declined by $117 Mil from Dec. 2023 to Mar. 2024 .

EOG Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $-231 Mil. It means EOG Resources's inventory increased by $231 Mil from Dec. 2022 to Dec. 2023 .

EOG Resources's Total Inventories for the quarter that ended in Mar. 2024 was $1,154 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EOG Resources's Days Inventory for the quarter that ended in Mar. 2024 was 58.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. EOG Resources's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.55.

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. EOG Resources's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

EOG Resources Change In Inventory Historical Data

The historical data trend for EOG Resources'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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EOG Resources Change In Inventory Chart

EOG Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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90.00

123.00

-13.00

-534.00

-231.00

EOG Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-77.00	-226.00	-28.00	100.00	117.00

EOG Resources 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-37 Mil.

EOG Resources (LTS:0IDR) Change In Inventory Explanation

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

EOG Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1214.5	/	1883	*	365 / 4
	=	58.85

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

EOG Resources's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1883	/	1214.5
	=	1.55

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.

EOG Resources's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1214.5	/	5834
	=	0.21

EOG Resources Change In Inventory Related Terms

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EOG Resources (LTS:0IDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EOG Resources Inc (LTS:0IDR) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002

Website

https://www.eogresources.com

EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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