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 Average Total Inventories for the quarter that ended in Dec. 2023 was $67 Mil. Diamondback Energy's Revenue for the
three
months ended in Dec. 2023 was $2,217 Mil.
Diamondback Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.
Diamondback Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023
increased
from Sep. 2023 (0.03) to Sep. 2023 (0.03)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
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
three
months 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.
Diamondback Energy Inventory-to-Revenue Historical Data
The historical data trend for Diamondback Energy's Inventory-to-Revenue 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.
Competitive Comparison of Diamondback Energy's Inventory-to-Revenue
For the Oil & Gas E&P subindustry, Diamondback Energy's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Diamondback Energy's Inventory-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Diamondback Energy's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Diamondback Energy's Inventory-to-Revenue falls into.
Diamondback Energy Inventory-to-Revenue Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
Diamondback Energy (NAS:FANG) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
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
three
months ended in Dec. 2023 is calculated as:
* 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.
Diamondback Energy Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Diamondback Energy's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Diamondback Energy (Diamondback Energy) Business Description
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.
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