EOG Resources Inc (EOG)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.73	0.97	1.66	4.22	1.39
DOH	days	501.48	374.56	219.75	86.58	263.28

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.73
= 501.48

To analyze EOG Resources, Inc.'s days of inventory on hand (DOH), we require specific numerical data for each year. Unfortunately, the table provided does not contain the necessary data to calculate or interpret the DOH ratio for the company across the years 2019 to 2023.

Days of inventory on hand is a financial ratio that measures the average number of days a company holds its inventory before selling it. It indicates how efficiently a company manages its inventory levels. A lower DOH value typically signifies better inventory management, as it suggests that inventory is being sold quickly, reducing the risk of obsolescence and carrying costs.

To conduct a thorough analysis of EOG Resources, Inc.'s DOH, we would need the following specific data points for each year: the cost of goods sold (COGS) and the average inventory values. With this information, we could calculate the DOH for each year and assess the company's inventory management efficiency over time.

Please provide the necessary numerical data for the years 2019 to 2023 if you would like a more detailed analysis of EOG Resources, Inc.'s days of inventory on hand.