Chord Energy Corp (CHRD)

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		41.95	43.94	37.95	35.06	33.97	37.12	34.88	33.39	34.12	25.96	28.31	35.41	29.30	25.83	21.47	21.12	24.85	34.05	40.07	47.40
DOH	days	8.70	8.31	9.62	10.41	10.75	9.83	10.46	10.93	10.70	14.06	12.89	10.31	12.46	14.13	17.00	17.29	14.69	10.72	9.11	7.70

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 41.95
= 8.70

The days of inventory on hand (DOH) for Chord Energy Corp have shown some fluctuations over the past few years.

From March 31, 2020, to December 31, 2020, the DOH increased steadily from 7.70 days to 14.69 days, indicating that the company held its inventory for a longer period.

However, in the following quarters, the DOH continued to rise slightly until March 31, 2021, reaching 17.29 days. This could suggest potential issues with inventory management, such as overstocking or slow-moving inventory.

Subsequently, there was a slight decrease in DOH, dropping to 12.46 days by December 31, 2021. The trend then continued downwards, with the lowest DOH observed at 8.31 days on September 30, 2024. This decline in DOH could signify improvements in inventory turnover and efficiency in managing inventory levels.

Overall, the company's DOH has fluctuated over the years, with periods of both increases and decreases. Further analysis of the reasons behind these fluctuations and comparison with industry benchmarks could provide more insights into Chord Energy Corp's inventory management performance.