Chord Energy Corp (CHRD)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Cost of revenue	US$ in thousands	782,527	586,227	211,195	159,629	508,231
Inventory	US$ in thousands	72,565	54,411	28,956	35,259	33,128
Inventory turnover		10.78	10.77	7.29	4.53	15.34

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $782,527K ÷ $72,565K
= 10.78

Based on the data provided for Chord Energy Corp's inventory turnover over the past three years, it appears that the company has reported an inventory turnover ratio of 0.00 for each year. A turnover ratio of 0.00 typically indicates that the company did not sell any inventory during the year or had negligible sales relative to its average inventory levels. This could imply potential issues with inventory management, such as overstocking or slow-moving inventory, which may lead to increased carrying costs and potential obsolescence risks. Further investigation into Chord Energy Corp's inventory management practices and sales performance is warranted to understand the underlying factors contributing to the consistently low inventory turnover ratio.