Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Diamondback Energy Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net fixed asset turnover 0.44 0.42 0.38 0.33 0.27 0.21 0.15 0.17 0.18 0.18 0.18 0.18 0.16 0.14 0.12 0.10 0.22 0.20 0.18 0.16
Total asset turnover 0.40 0.39 0.34 0.29 0.24 0.19 0.14 0.16 0.16 0.16 0.17 0.17 0.15 0.13 0.11 0.10 0.19 0.19 0.17 0.15
Equity turnover 0.69 0.68 0.62 0.56 0.48 0.39 0.29 0.31 0.32 0.31 0.31 0.29 0.24 0.21 0.18 0.16 0.32 0.30 0.26 0.23

Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Diamondback Energy Inc. total asset turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Diamondback Energy Inc. equity turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Net Fixed Asset Turnover

Diamondback Energy Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenue from contracts with customers 2,417 2,752 2,389 2,011 1,897 1,667 1,172 754 707 412 883 1,089 956 1,000 842 621 527 515 467 387 299 267 232
Property and equipment, net 21,903 21,369 21,108 20,619 20,406 20,419 20,352 16,214 17,435 18,927 21,420 21,835 22,043 21,603 21,047 20,372 8,715 8,343 7,751 7,344 7,049 6,509 6,103
Long-term Activity Ratio
Net fixed asset turnover1 0.44 0.42 0.38 0.33 0.27 0.21 0.15 0.17 0.18 0.18 0.18 0.18 0.16 0.14 0.12 0.10 0.22 0.20 0.18 0.16
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.58 1.43 1.22 1.06 0.91 0.77 0.62 0.60 0.73 0.80 0.91 0.93
ConocoPhillips 1.18 1.02 0.83 0.71 0.64 0.51 0.39 0.47 0.51 0.59 0.73 0.77
Exxon Mobil Corp. 1.90 1.68 1.44 1.28 1.10 0.96 0.81 0.78 0.78 0.85 1.00 1.01
Marathon Petroleum Corp. 4.89 4.30 3.64 3.20 2.73 2.31 1.83 1.79 2.09 2.14 2.60 2.72
Occidental Petroleum Corp. 0.62 0.58 0.49 0.43 0.37 0.32 0.26 0.27 0.29 0.30 0.29 0.25
Valero Energy Corp. 5.59 5.06 4.27 3.69 3.11 2.66 2.09 2.14 2.48 2.86 3.48 3.70

Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Net fixed asset turnover = (Revenue from contracts with customersQ3 2022 + Revenue from contracts with customersQ2 2022 + Revenue from contracts with customersQ1 2022 + Revenue from contracts with customersQ4 2021) ÷ Property and equipment, net
= (2,417 + 2,752 + 2,389 + 2,011) ÷ 21,903 = 0.44

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Total Asset Turnover

Diamondback Energy Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenue from contracts with customers 2,417 2,752 2,389 2,011 1,897 1,667 1,172 754 707 412 883 1,089 956 1,000 842 621 527 515 467 387 299 267 232
Total assets 23,843 23,448 23,331 22,898 22,639 22,335 21,996 17,619 18,760 20,337 23,386 23,531 23,553 23,171 22,268 21,596 9,807 8,954 8,225 7,771 7,288 6,784 6,370
Long-term Activity Ratio
Total asset turnover1 0.40 0.39 0.34 0.29 0.24 0.19 0.14 0.16 0.16 0.16 0.17 0.17 0.15 0.13 0.11 0.10 0.19 0.19 0.17 0.15
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.87 0.80 0.71 0.65 0.56 0.48 0.40 0.39 0.47 0.51 0.57 0.59
ConocoPhillips 0.79 0.70 0.58 0.51 0.41 0.34 0.27 0.30 0.33 0.39 0.45 0.46
Exxon Mobil Corp. 1.05 0.96 0.86 0.82 0.72 0.64 0.54 0.54 0.55 0.59 0.70 0.70
Marathon Petroleum Corp. 1.93 1.65 1.49 1.41 1.15 0.93 0.81 0.82 0.99 1.14 1.37 1.26
Occidental Petroleum Corp. 0.50 0.45 0.39 0.35 0.29 0.24 0.21 0.22 0.24 0.24 0.23 0.19
Valero Energy Corp. 2.87 2.42 2.18 1.97 1.73 1.46 1.19 1.25 1.47 1.78 2.22 2.01

Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Total asset turnover = (Revenue from contracts with customersQ3 2022 + Revenue from contracts with customersQ2 2022 + Revenue from contracts with customersQ1 2022 + Revenue from contracts with customersQ4 2021) ÷ Total assets
= (2,417 + 2,752 + 2,389 + 2,011) ÷ 23,843 = 0.40

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Equity Turnover

Diamondback Energy Inc., equity turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenue from contracts with customers 2,417 2,752 2,389 2,011 1,897 1,667 1,172 754 707 412 883 1,089 956 1,000 842 621 527 515 467 387 299 267 232
Total Diamondback Energy, Inc. stockholders’ equity 13,843 13,316 12,743 12,088 11,483 10,926 10,673 8,794 9,552 10,714 12,826 13,249 14,050 14,004 13,773 13,699 5,933 5,631 5,417 5,255 4,899 4,818 4,652
Long-term Activity Ratio
Equity turnover1 0.69 0.68 0.62 0.56 0.48 0.39 0.29 0.31 0.32 0.31 0.31 0.29 0.24 0.21 0.18 0.16 0.32 0.30 0.26 0.23
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.43 1.34 1.21 1.12 0.99 0.87 0.73 0.72 0.79 0.86 0.94 0.97
ConocoPhillips 1.53 1.30 1.09 1.01 0.82 0.66 0.52 0.63 0.68 0.77 0.94 0.93
Exxon Mobil Corp. 2.08 1.99 1.81 1.64 1.50 1.35 1.15 1.14 1.10 1.19 1.37 1.33
Marathon Petroleum Corp. 6.58 6.06 5.65 4.58 3.63 3.03 3.26 3.14 3.69 4.07 4.89 3.68
Occidental Petroleum Corp. 1.26 1.21 1.16 1.28 1.18 1.07 0.90 0.96 1.00 0.92 0.74 0.60
Valero Energy Corp. 7.78 7.42 7.00 6.18 5.42 4.59 3.57 3.45 3.96 4.42 5.63 4.97

Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Equity turnover = (Revenue from contracts with customersQ3 2022 + Revenue from contracts with customersQ2 2022 + Revenue from contracts with customersQ1 2022 + Revenue from contracts with customersQ4 2021) ÷ Total Diamondback Energy, Inc. stockholders’ equity
= (2,417 + 2,752 + 2,389 + 2,011) ÷ 13,843 = 0.69

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 Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.