CNX Resources Corp (CNX)

From the data provided, CNX Resources Corp's days of inventory on hand (DOH) has shown a significant increase over the past few years.

At the end of December 31, 2020, the company had a DOH of 5.37 days, indicating that on average, it took approximately 5.37 days for CNX Resources Corp to sell its inventory.

By December 31, 2021, the DOH had risen to 15.88 days, suggesting that the company took longer to sell its inventory compared to the previous year. This increase may indicate potential inefficiencies in managing inventory levels or challenges in matching production with demand.

The trend continued with a substantial rise in the DOH to 65.36 days by December 31, 2022. This sharp increase signals that CNX Resources Corp had a significant amount of inventory on hand relative to its sales, possibly leading to higher storage and holding costs.

The following year, by December 31, 2023, the DOH decreased to 52.49 days, indicating a slight improvement in inventory turnover efficiency but still remaining at elevated levels compared to the initial period.

As of December 31, 2024, the DOH stood at 35.80 days, showing a further decrease in the time taken to sell inventory compared to the previous year. However, it is worth noting that the DOH remained substantially higher than in 2020, implying that CNX Resources Corp may still be carrying excess inventory relative to its sales levels.

Overall, the trend in CNX Resources Corp's DOH demonstrates fluctuations in inventory management efficiency over the years, with periods of prolonged inventory holding leading to potential liquidity and cost implications for the company. Monitoring and optimizing inventory levels to align with demand fluctuations would be crucial for improving operational efficiency and financial performance.

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Dec 31, 2024