CNX Resources Corp (CNX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		6.95	5.58	22.98	67.95	69.57
DOH	days	52.49	65.36	15.88	5.37	5.25

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.95
= 52.49

The days of inventory on hand (DOH) ratio for CNX Resources Corp for the years 2020, 2021, 2022, and 2023 are not provided in the table. This ratio is typically used to measure how many days a company's inventory is held before it is sold. A lower DOH ratio indicates that the company is selling its inventory more quickly, which can be a positive indicator of efficient operations.

Without numerical values for the DOH ratio in the years under consideration, it is challenging to assess CNX Resources Corp's inventory management efficiency. To gain a better understanding of the company's performance in this aspect, further data or calculations would be required to calculate the DOH ratio and compare it to industry benchmarks or historical trends. An increasing DOH ratio could suggest inventory management issues, excess stock levels, or a slowdown in sales, while a decreasing ratio might indicate improved efficiency in inventory turnover.

In conclusion, without specific DOH ratio figures, a detailed analysis of CNX Resources Corp's inventory management based on this metric cannot be provided at this time. Consider seeking additional information or performing calculations to evaluate the company's inventory performance in more depth.