Civitas Resources Inc (CIVI)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		6.52	34.55	2.68	84.34	30.38	17.27	21.37	31.22	30.79	11.23	9.19	10.94	17.65	14.15	15.71	16.79	8.13	6.26	15.72	24.86
DOH	days	55.99	10.56	135.99	4.33	12.02	21.14	17.08	11.69	11.85	32.51	39.71	33.37	20.68	25.79	23.24	21.74	44.87	58.31	23.23	14.68

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.52
= 55.99

Based on the provided data, Civitas Resources Inc's Days of Inventory on Hand (DOH) information is not available for any of the reported quarters in the years 2022 and 2023. Without the specific DOH figures for each quarter, a comprehensive analysis or trend assessment of the company's inventory turnover efficiency over time cannot be conducted. It is essential to have the DOH values to evaluate how quickly Civitas Resources Inc is able to sell its inventory and manage its stock levels optimally. In the absence of this data, it is difficult to provide further insights into the company's inventory management performance. Monitoring this metric in future financial reporting periods would be advisable for gaining a clearer perspective on Civitas Resources Inc's inventory management effectiveness.