Civitas Resources Inc (CIVI)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,363,730	975,603	382,423	162,577	63,536
Inventory	US$ in thousands	207,908	32,094	12,386	9,185	7,726
Inventory turnover		6.56	30.40	30.88	17.70	8.22

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,363,730K ÷ $207,908K
= 6.56

The inventory turnover for Civitas Resources Inc was not available for the years 2020, 2021, 2022, and 2023, as indicated by the data provided. This lack of information about the inventory turnover makes it challenging to assess the company's efficiency in managing its inventory levels and generating sales from its inventory. It is crucial to have this metric to understand how quickly the company is selling its inventory and replenishing its stock. Without this data, it is difficult to evaluate the company's inventory management practices and make informed decisions about its operational efficiency.