EOG Resources Inc (EOG)

Activity ratios

Short-term

Turnover ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover	0.71	0.67	0.72	0.89	0.95	1.22	1.39	1.66	1.62	1.62	1.59	1.95	4.18	4.05	4.06	3.85	1.35	1.26	1.05	1.44
Receivables turnover	8.91	8.39	11.45	11.31	8.95	7.28	5.94	5.89	7.98	7.23	6.44	5.48	7.25	10.92	15.31	12.44	8.68	9.15	9.05	8.01
Payables turnover	0.37	0.38	0.44	0.42	0.40	0.39	0.35	0.37	0.42	0.43	0.41	0.56	1.56	2.17	2.14	0.88	0.43	0.41	0.38	0.50
Working capital turnover	4.13	4.07	5.01	5.60	5.18	5.62	9.31	8.55	4.10	4.03	4.45	3.48	4.59	5.97	5.91	8.25	22.10	50.96	222.35	29.10

EOG Resources, Inc. has consistently shown a low inventory turnover throughout the quarters, indicating inefficiency in managing and selling its inventory. The receivables turnover has fluctuated over the periods, with a higher turnover in Q2 and Q1 2023 as compared to the previous quarters, suggesting improvements in collecting receivables. The company has not provided data for payables turnover, making it challenging to assess its efficiency in paying off its suppliers.

On the other hand, EOG Resources has shown a declining trend in working capital turnover from Q1 2022 to Q3 2023. The working capital turnover peaked in Q2 2022, indicating that the company was utilizing its working capital more efficiently during that period. However, the subsequent quarters show a decreasing trend, signifying a potential need for better management of working capital to enhance operational efficiency.

Average number of days

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	514.80	541.80	509.87	407.92	382.35	300.26	262.39	219.83	224.85	225.90	229.33	187.41	87.36	90.14	89.87	94.87	269.54	288.79	347.79	253.99
Days of sales outstanding (DSO)	days	40.99	43.52	31.87	32.28	40.77	50.11	61.41	61.95	45.72	50.52	56.69	66.67	50.35	33.42	23.84	29.33	42.04	39.91	40.34	45.56
Number of days of payables	days	983.97	968.09	829.72	879.32	915.03	935.92	1,028.25	997.84	863.22	855.04	894.21	648.61	233.46	167.86	170.18	414.25	853.30	888.90	973.26	723.61

Based on the information provided, we can analyze the activity ratios of EOG Resources, Inc. as follows:

1. Days of Inventory on Hand (DOH): Unfortunately, specific data for Days of Inventory on Hand is missing for all the quarters listed. However, this ratio typically measures the number of days it takes for a company to sell its entire inventory. A lower DOH value is generally favorable as it suggests efficient inventory management.

2. Days of Sales Outstanding (DSO): The Days of Sales Outstanding indicate the average number of days it takes for the company to collect revenue after a sale is made. EOG Resources, Inc. has shown varying DSO values throughout the quarters, ranging from around 36 to 54 days. A decreasing trend in DSO is preferable as it implies quicker collection of receivables, leading to improved cash flow.

3. Number of Days of Payables: Specific data for the Number of Days of Payables is also missing for all the quarters provided. This ratio typically measures the average number of days it takes a company to pay its suppliers. A longer period indicates that the company is taking longer to settle its payables, which can sometimes be advantageous for cash flow management.

In conclusion, while it is not possible to provide a detailed trend analysis without all the data points, ideally, EOG Resources, Inc. would aim to decrease DSO and maintain an efficient inventory turnover to drive operational efficiency and improve financial performance.

Long-term

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Fixed asset turnover	0.75	0.77	0.84	0.92	0.87	0.86	0.77	0.67	0.66	0.55	0.46	0.35	0.39	0.43	0.49	0.61	0.57	0.58	0.61	0.61
Total asset turnover	0.55	0.56	0.62	0.68	0.62	0.62	0.58	0.50	0.49	0.42	0.35	0.28	0.31	0.35	0.41	0.48	0.47	0.48	0.51	0.49

The fixed asset turnover ratio for EOG Resources, Inc. has been fluctuating over the past eight quarters, ranging from 0.64 to 0.96. This ratio indicates how efficiently the company is generating revenue from its fixed assets. A lower fixed asset turnover ratio suggests that the company may not be effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio for EOG Resources, Inc. has also shown variability, with values ranging from 0.46 to 0.69. This ratio reflects how well the company is using its total assets to generate revenue. A lower total asset turnover ratio typically indicates that the company is not efficiently utilizing all of its assets to generate sales.

Overall, both the fixed asset turnover and total asset turnover ratios for EOG Resources, Inc. have been inconsistent over the quarters, indicating potential inefficiencies in asset utilization. Further investigation into the reasons behind these fluctuations and potential improvements in asset management practices may be necessary to enhance the company's long-term operational efficiency.