Civitas Resources Inc (CIVI)

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		—	—	—	—	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
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

December 31, 2024 calculation

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

The days of inventory on hand (DOH) ratio provides insights into how long a company takes to sell its inventory. Looking at Civitas Resources Inc's DOH trend over the years, we observe fluctuations in the efficiency of managing inventory levels.

From March 31, 2020, to March 31, 2022, the company's DOH was relatively stable, indicating a consistent inventory management process. However, there was a significant spike in DOH from June 30, 2022, to June 30, 2023, suggesting potential issues with inventory turnover efficiency during that period.

The ratio sharply declined on March 31, 2023, signaling an improvement in inventory management efficiency. Still, a sudden increase on June 30, 2023, followed by a decrease on September 30, 2023, and another sharp increase on December 31, 2023, suggests a lack of consistency in managing inventory levels.

The absence of data for the periods beyond March 31, 2024, prevents a thorough assessment of recent trends. In conclusion, the varying DOH figures indicate some inconsistency in Civitas Resources Inc's inventory management practices, requiring further investigation into the factors influencing these fluctuations.