Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Diamondback Energy Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Diamondback Energy Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Diamondback Energy Inc. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Diamondback Energy Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover
Diamondback Energy Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from contracts with customers | 6,747) | 2,756) | 3,887) | 2,130) | 1,186) | |
| Property and equipment, net | 20,619) | 16,214) | 21,835) | 20,372) | 7,344) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.33 | 0.17 | 0.18 | 0.10 | 0.16 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.06 | 0.60 | 0.93 | — | — | |
| ConocoPhillips | 0.71 | 0.47 | 0.77 | — | — | |
| Exxon Mobil Corp. | 1.28 | 0.78 | 1.01 | — | — | |
| Marathon Petroleum Corp. | 3.20 | 1.79 | 2.72 | — | — | |
| Occidental Petroleum Corp. | 0.43 | 0.27 | 0.25 | — | — | |
| Valero Energy Corp. | 3.69 | 2.14 | 3.70 | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.33 | 0.79 | 1.13 | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.35 | 0.83 | 1.17 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net fixed asset turnover = Revenue from contracts with customers ÷ Property and equipment, net
= 6,747 ÷ 20,619 = 0.33
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. | Diamondback Energy Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Total Asset Turnover
Diamondback Energy Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from contracts with customers | 6,747) | 2,756) | 3,887) | 2,130) | 1,186) | |
| Total assets | 22,898) | 17,619) | 23,531) | 21,596) | 7,771) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.29 | 0.16 | 0.17 | 0.10 | 0.15 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.65 | 0.39 | 0.59 | — | — | |
| ConocoPhillips | 0.51 | 0.30 | 0.46 | — | — | |
| Exxon Mobil Corp. | 0.82 | 0.54 | 0.70 | — | — | |
| Marathon Petroleum Corp. | 1.41 | 0.82 | 1.26 | — | — | |
| Occidental Petroleum Corp. | 0.35 | 0.22 | 0.19 | — | — | |
| Valero Energy Corp. | 1.97 | 1.25 | 2.01 | — | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.83 | 0.52 | 0.73 | — | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.82 | 0.52 | 0.72 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Total asset turnover = Revenue from contracts with customers ÷ Total assets
= 6,747 ÷ 22,898 = 0.29
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. | Diamondback Energy Inc. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Equity Turnover
Diamondback Energy Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from contracts with customers | 6,747) | 2,756) | 3,887) | 2,130) | 1,186) | |
| Total Diamondback Energy, Inc. stockholders’ equity | 12,088) | 8,794) | 13,249) | 13,699) | 5,255) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.56 | 0.31 | 0.29 | 0.16 | 0.23 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.12 | 0.72 | 0.97 | — | — | |
| ConocoPhillips | 1.01 | 0.63 | 0.93 | — | — | |
| Exxon Mobil Corp. | 1.64 | 1.14 | 1.33 | — | — | |
| Marathon Petroleum Corp. | 4.58 | 3.14 | 3.68 | — | — | |
| Occidental Petroleum Corp. | 1.28 | 0.96 | 0.60 | — | — | |
| Valero Energy Corp. | 6.18 | 3.45 | 4.97 | — | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.77 | 1.17 | 1.48 | — | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.76 | 1.20 | 1.47 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Equity turnover = Revenue from contracts with customers ÷ Total Diamondback Energy, Inc. stockholders’ equity
= 6,747 ÷ 12,088 = 0.56
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. | Diamondback Energy Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |