Stock Analysis on Net

EOG Resources Inc. (NYSE:EOG)

This company has been moved to the archive! The financial data has not been updated since February 27, 2020.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

EOG Resources Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 3.39 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64
Receivables turnover 8.68 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41
Payables turnover 1.07 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48
Working capital turnover 22.10 50.96 222.34 29.10 13.00 40.93 16.41 20.25 17.59 14.74 6.54 5.01 7.01 9.62 9.53 11.33
Average No. Days
Average inventory processing period 108 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100
Add: Average receivable collection period 42 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39
Operating cycle 150 150 162 171 167 169 163 156 143 111 107 112 128 133 143 135 139
Less: Average payables payment period 340 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247
Cash conversion cycle -190 -188 -180 -185 -164 -213 -231 -187 -206 -206 -207 -199 -176 -124 -107 -79 -108

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. EOG Resources Inc. inventory turnover ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Receivables turnover An activity ratio equal to revenue divided by receivables. EOG Resources Inc. receivables turnover ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. EOG Resources Inc. payables turnover ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019 not reaching Q2 2019 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. EOG Resources Inc. working capital turnover ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. EOG Resources Inc. number of days of inventory outstanding improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. EOG Resources Inc. cash conversion cycle improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Inventory Turnover

EOG Resources Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cost of operating revenues 670,465 675,797 634,025 624,108 654,933 631,658 601,570 578,366 516,953 468,098 476,288 472,635 467,681 459,845 427,090 459,843 495,149 522,312 534,494 625,802
Inventories 767,297 778,120 853,128 860,764 859,359 766,964 670,994 584,729 483,865 344,016 336,198 314,194 350,017 429,667 495,826 538,926 598,935 660,252 661,162 764,206
Short-term Activity Ratio
Inventory turnover1 3.39 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 23.92
ConocoPhillips 31.74
Exxon Mobil Corp. 13.79
Marathon Petroleum Corp. 10.76
Occidental Petroleum Corp. 14.09
Valero Energy Corp. 14.76

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Inventory turnover = (Cost of operating revenuesQ4 2019 + Cost of operating revenuesQ3 2019 + Cost of operating revenuesQ2 2019 + Cost of operating revenuesQ1 2019) ÷ Inventories
= (670,465 + 675,797 + 634,025 + 624,108) ÷ 767,297 = 3.39

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. EOG Resources Inc. inventory turnover ratio improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Receivables Turnover

EOG Resources Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Operating revenues and other 4,320,246 4,303,455 4,697,630 4,058,642 4,574,536 4,781,624 4,238,077 3,681,162 3,340,439 2,644,844 2,612,472 2,610,565 2,402,039 2,118,504 1,775,740 1,354,349 1,796,761 2,172,428 2,469,701 2,318,538
Accounts receivable, net 2,001,658 1,927,996 2,001,953 2,203,438 1,915,215 2,151,247 1,907,990 1,702,100 1,597,494 1,243,535 1,114,454 1,187,112 1,216,320 920,189 935,592 780,625 930,610 1,123,111 1,304,848 1,266,582
Short-term Activity Ratio
Receivables turnover1 8.68 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 10.50
ConocoPhillips 9.97
Marathon Petroleum Corp. 15.75
Occidental Petroleum Corp. 3.20

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Receivables turnover = (Operating revenues and otherQ4 2019 + Operating revenues and otherQ3 2019 + Operating revenues and otherQ2 2019 + Operating revenues and otherQ1 2019) ÷ Accounts receivable, net
= (4,320,246 + 4,303,455 + 4,697,630 + 4,058,642) ÷ 2,001,658 = 8.68

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. EOG Resources Inc. receivables turnover ratio improved from Q2 2019 to Q3 2019 but then deteriorated significantly from Q3 2019 to Q4 2019.

Payables Turnover

EOG Resources Inc., payables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cost of operating revenues 670,465 675,797 634,025 624,108 654,933 631,658 601,570 578,366 516,953 468,098 476,288 472,635 467,681 459,845 427,090 459,843 495,149 522,312 534,494 625,802
Accounts payable 2,429,127 2,395,080 2,387,403 2,452,337 2,239,850 2,435,773 2,336,952 1,915,651 1,847,131 1,635,711 1,615,170 1,556,875 1,511,826 1,296,240 1,305,651 1,182,025 1,471,953 1,561,574 1,864,483 2,182,041
Short-term Activity Ratio
Payables turnover1 1.07 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 9.92
ConocoPhillips 10.25
Marathon Petroleum Corp. 9.48
Occidental Petroleum Corp. 2.91
Valero Energy Corp. 10.15

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Payables turnover = (Cost of operating revenuesQ4 2019 + Cost of operating revenuesQ3 2019 + Cost of operating revenuesQ2 2019 + Cost of operating revenuesQ1 2019) ÷ Accounts payable
= (670,465 + 675,797 + 634,025 + 624,108) ÷ 2,429,127 = 1.07

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. EOG Resources Inc. payables turnover ratio increased from Q2 2019 to Q3 2019 but then slightly decreased from Q3 2019 to Q4 2019 not reaching Q2 2019 level.

Working Capital Turnover

EOG Resources Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Current assets 5,273,339 4,819,731 4,495,521 4,907,885 5,057,390 4,817,092 4,231,852 3,585,097 3,279,108 2,763,963 3,383,373 3,394,076 3,554,603 2,737,764 2,450,121 2,365,812 2,592,244 2,824,958 3,737,718 4,793,368
Less: Current liabilities 4,486,988 4,473,713 4,414,057 4,301,268 3,728,364 4,425,147 4,297,301 2,836,758 2,725,542 2,180,024 2,722,254 2,032,007 2,027,291 1,732,963 1,712,261 1,547,972 1,819,287 2,046,961 2,277,581 3,094,752
Working capital 786,351 346,018 81,464 606,617 1,329,026 391,945 (65,449) 748,339 553,566 583,939 661,119 1,362,069 1,527,312 1,004,801 737,860 817,840 772,957 777,997 1,460,137 1,698,616
 
Operating revenues and other 4,320,246 4,303,455 4,697,630 4,058,642 4,574,536 4,781,624 4,238,077 3,681,162 3,340,439 2,644,844 2,612,472 2,610,565 2,402,039 2,118,504 1,775,740 1,354,349 1,796,761 2,172,428 2,469,701 2,318,538
Short-term Activity Ratio
Working capital turnover1 22.10 50.96 222.34 29.10 13.00 40.93 16.41 20.25 17.59 14.74 6.54 5.01 7.01 9.62 9.53 11.33
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 77.75
ConocoPhillips 3.30
Exxon Mobil Corp.
Marathon Petroleum Corp. 30.81
Occidental Petroleum Corp. 5.46
Valero Energy Corp. 18.65

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Working capital turnover = (Operating revenues and otherQ4 2019 + Operating revenues and otherQ3 2019 + Operating revenues and otherQ2 2019 + Operating revenues and otherQ1 2019) ÷ Working capital
= (4,320,246 + 4,303,455 + 4,697,630 + 4,058,642) ÷ 786,351 = 22.10

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. EOG Resources Inc. working capital turnover ratio deteriorated from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Average Inventory Processing Period

EOG Resources Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 3.39 3.33 2.98 2.92 2.87 3.04 3.23 3.49 4.00 5.48 5.58 5.82 5.18 4.29 3.84 3.73 3.64
Short-term Activity Ratio (no. days)
Average inventory processing period1 108 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 15
ConocoPhillips 11
Exxon Mobil Corp. 26
Marathon Petroleum Corp. 34
Occidental Petroleum Corp. 26
Valero Energy Corp. 25

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.39 = 108

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. EOG Resources Inc. number of days of inventory outstanding improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.

Average Receivable Collection Period

EOG Resources Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 8.68 9.15 9.05 8.01 9.02 7.46 7.29 7.21 7.02 8.26 8.74 7.50 6.29 7.66 7.59 9.98 9.41
Short-term Activity Ratio (no. days)
Average receivable collection period1 42 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 35
ConocoPhillips 37
Marathon Petroleum Corp. 23
Occidental Petroleum Corp. 114

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.68 = 42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

EOG Resources Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 108 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100
Average receivable collection period 42 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39
Short-term Activity Ratio
Operating cycle1 150 150 162 171 167 169 163 156 143 111 107 112 128 133 143 135 139
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 50
ConocoPhillips 48
Marathon Petroleum Corp. 57
Occidental Petroleum Corp. 140

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 108 + 42 = 150

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

EOG Resources Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 1.07 1.08 1.07 1.02 1.10 0.96 0.93 1.06 1.05 1.15 1.16 1.17 1.20 1.42 1.46 1.70 1.48
Short-term Activity Ratio (no. days)
Average payables payment period1 340 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 37
ConocoPhillips 36
Marathon Petroleum Corp. 38
Occidental Petroleum Corp. 126
Valero Energy Corp. 36

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 1.07 = 340

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

EOG Resources Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 108 110 122 125 127 120 113 105 91 67 65 63 70 85 95 98 100
Average receivable collection period 42 40 40 46 40 49 50 51 52 44 42 49 58 48 48 37 39
Average payables payment period 340 338 342 356 331 382 394 343 349 317 314 311 304 257 250 214 247
Short-term Activity Ratio
Cash conversion cycle1 -190 -188 -180 -185 -164 -213 -231 -187 -206 -206 -207 -199 -176 -124 -107 -79 -108
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 13
ConocoPhillips 12
Marathon Petroleum Corp. 19
Occidental Petroleum Corp. 14

Based on: 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), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q4 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 108 + 42340 = -190

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. EOG Resources Inc. cash conversion cycle improved from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.