EOG Resources Inc (EOG)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	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
Inventory turnover		8.83	9.68	8.99	6.62	4.40	4.00	4.05	4.86	5.41	6.55	7.64	9.51	9.15	10.01	9.76	8.49	7.82	7.62	7.92	8.65
DOH	days	41.36	37.71	40.59	55.11	82.97	91.30	90.12	75.04	67.49	55.70	47.76	38.38	39.88	36.47	37.39	42.97	46.67	47.91	46.09	42.22

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.83
= 41.36

The days of inventory on hand (DOH) for EOG Resources Inc have shown fluctuations over the observed period. The trend indicates that the company had a downward trajectory in DOH from March 31, 2021, to June 30, 2021, reaching its lowest point of 37.39 days during this period. However, from that point onwards, the DOH increased steadily, peaking at 91.30 days on September 30, 2023, before declining slightly to 82.97 days on December 31, 2023.

The sudden increase in DOH during the third quarter of 2023 followed by a subsequent decrease may suggest inventory management challenges or changes in the company's operations impacting the efficiency of inventory turnover. The downward trend in DOH in the latter half of 2024 indicates a more efficient handling of inventory during that period.

Overall, it is essential for EOG Resources Inc to closely monitor and manage its inventory levels to ensure optimal balance between having enough inventory to meet demand and avoiding costly excess inventory holding.