EOG Resources Inc (EOG)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (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 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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
Cash conversion cycle = DOH + DSO – Number of days of payables
= 41.36 + — – —
= 41.36
The cash conversion cycle for EOG Resources Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024.
The company's cash conversion cycle started at 42.22 days in March 2020 and generally remained stable for the next few quarters. However, there was an increasing trend observed in the latter part of 2020, reaching 47.91 days in September. This trend was reversed in the following quarters as the cash conversion cycle decreased to 37.39 days by June 2021.
Between September 2021 and December 2022, the cash conversion cycle experienced significant volatility, fluctuating between 36.47 days and 67.49 days. This suggests potential challenges in managing the company's working capital efficiently during this period.
The cycle peaked at 91.30 days in September 2023, indicating a prolonged time taken to convert resources into cash. However, this was followed by a notable improvement, with the cycle reducing to 40.59 days by June 2024.
Overall, the cash conversion cycle for EOG Resources Inc has exhibited variability, indicating the company's ability to efficiently manage its operating cycle and working capital fluctuates over time. Monitoring these fluctuations can provide insights into the company's liquidity and efficiency in converting resources into cash.
Peer comparison
Dec 31, 2024