CNX Resources Corp (CNX)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	133,348	134,831	142,847	148,576	147,532	153,786	141,811	135,264	129,166	180,041	175,667	173,602	644,019	856,000	861,268	873,856	390,822	126,308	112,011	110,243
Inventory	US$ in thousands	19,846	20,007	26,470	29,339	27,156	19,650	14,490	6,469	6,147	5,486	5,698	7,249	9,657	10,090	10,317	10,266	6,984	7,527	11,242	16,642
Inventory turnover		6.72	6.74	5.40	5.06	5.43	7.83	9.79	20.91	21.01	32.82	30.83	23.95	66.69	84.84	83.48	85.12	55.96	16.78	9.96	6.62

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $133,348K ÷ $19,846K
= 6.72

Based on the data provided, the inventory turnover for CNX Resources Corp has been consistently reported as 0.00 for each quarter from Q1 2022 to Q4 2023. A zero inventory turnover ratio indicates that the company is not effectively managing its inventory levels. This may suggest that CNX Resources Corp is carrying excessive inventory or facing challenges in selling its products efficiently. It is crucial for the company to regularly assess and optimize its inventory management practices to improve operational efficiency and financial performance.