Chord Energy Corp (CHRD)

Inventory turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Cost of revenue (ttm)	US$ in thousands	771,314	776,495	833,358	721,096	581,355	528,172	304,413	257,667	209,211	114,344	134,592	4,970,000	4,984,862	4,985,570	4,977,408	157,594	151,959	133,264	514,029	598,698
Inventory	US$ in thousands	72,565	64,852	63,439	60,887	54,411	60,956	43,010	28,311	28,956	28,309	32,833	29,423	35,736	36,920	33,000	35,259	36,758	30,056	36,269	33,128
Inventory turnover		10.63	11.97	13.14	11.84	10.68	8.66	7.08	9.10	7.23	4.04	4.10	168.92	139.49	135.04	150.83	4.47	4.13	4.43	14.17	18.07

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $771,314K ÷ $72,565K
= 10.63

Based on the data provided, Chord Energy Corp has consistently reported an inventory turnover ratio of 0.00 for each quarter from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its inventory levels in relation to its cost of goods sold. A low or zero inventory turnover ratio may imply overstocking, obsolescence, or slow-moving inventory, which can lead to increased storage costs and potential write-downs. Chord Energy Corp may benefit from conducting a thorough review of its inventory management practices to optimize its operations and improve overall efficiency.