Range Resources (RRC) Change in Inventory (2009 - 2020)
Range Resources' (RRC) quarterly Change in Inventory came in at $4.4 million in Q1 2020, down 6.95% year-on-year from $4.8 million in Q2 2019, and up 151.87% quarter-over-quarter from -$8.5 million in Q4 2019.
Range Resources (RRC) Change in Inventory (2009 - 2020) Analysis & Trends
Range Resources' Change in Inventory history runs 12 years deep, the most recent figure standing at $4.4 million for Q1 2020.
- On a quarterly basis, Change in Inventory fell 6.95% year-over-year to $4.4 million in Q1 2020; TTM through Mar 2020 was -$4.9 million, a 625.11% decrease from a year earlier, with the FY2020 full-year figure at -$1.0 million, up 77.65% from the prior year.
- Change in Inventory climbed to $4.4 million in Q1 2020 per RRC's latest filing, from -$8.5 million in the prior quarter.
- Across five years, Change in Inventory topped out at $11.3 million in Q3 2016 and bottomed at -$8.5 million in Q4 2019.
- The 5-year median for Change in Inventory is -$848000.0 (2017), against an average of -$203941.2.
- Across the five-year window, Change in Inventory jumped 284.59% in 2018 and plunged 790.0% in 2019, its largest moves.
- Year by year, Change in Inventory stood at -$7.0 million in 2016, then jumped by 121.08% to $1.5 million in 2017, then sank by 165.08% to -$960000.0 in 2018, then plunged by 790.0% to -$8.5 million in 2019, then jumped by 151.87% to $4.4 million in 2020.
- Per Business Quant, the three latest RRC Change in Inventory figures stand at $4.4 million (Q1 2020), -$8.5 million (Q4 2019), and -$1.0 million (Q3 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 39.00 Mn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | -21.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | - |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 26.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | - |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | - |
| 10 | Range Resources | 8.87 Bn | 8.78 Bn | 774.23 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2020 | 4.43 Mn |
| Mar 31, 2020 | 4.43 Mn |
| Dec 31, 2019 | -8.54 Mn |
| Dec 31, 2019 | -8.54 Mn |
| Sep 30, 2019 | -1.01 Mn |
| Sep 30, 2019 | -1.01 Mn |
| Jun 30, 2019 | 272,000.00 |
| Jun 30, 2019 | 272,000.00 |
| Mar 31, 2019 | 4.76 Mn |
| Mar 31, 2019 | 4.76 Mn |
| Dec 31, 2018 | -960,000.00 |
| Dec 31, 2018 | -960,000.00 |
| Sep 30, 2018 | 1.62 Mn |
| Sep 30, 2018 | 1.62 Mn |
| Jun 30, 2018 | -6.09 Mn |
| Jun 30, 2018 | -6.09 Mn |
| Mar 31, 2018 | 5.29 Mn |
| Mar 31, 2018 | 5.29 Mn |
| Dec 31, 2017 | 1.48 Mn |
| Dec 31, 2017 | 1.48 Mn |