Civitas Resources Inc (CIVI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	145.08	30.40	30.88	17.70
DOH	days	—	2.52	12.01	11.82	20.62

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the data provided, Civitas Resources Inc's Days of Inventory on Hand (DOH) has shown a decreasing trend over the years. In December 31, 2020, the company had 20.62 days of inventory on hand, which decreased to 11.82 days by December 31, 2021.

There was a slight uptick to 12.01 days on December 31, 2022, but a significant decrease to 2.52 days by December 31, 2023. It's noted that on December 31, 2024, the DOH data is missing (\u2014 days).

The decreasing trend in DOH indicates that Civitas Resources Inc has been managing its inventory levels more efficiently over the years, potentially leading to lower storage costs, reduced risk of inventory obsolescence, and improved cash flow from faster inventory turnover. This trend suggests effective inventory management strategies by the company.