California Resources Corp (CRC)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 296,000 | 408,000 | 348,000 | 341,000 | 352,000 | 352,000 | 344,000 | 331,000 | 310,000 | 311,000 | 331,000 | 324,000 | 316,000 | 250,000 | 225,000 | 232,000 | 1,984,000 | 3,910,000 | 3,912,000 | 3,922,000 |
| Inventory | US$ in thousands | 90,000 | 75,000 | 56,000 | 70,000 | 72,000 | 71,000 | 69,000 | 64,000 | 60,000 | 59,000 | 57,000 | 56,000 | 60,000 | 60,000 | 58,000 | 59,000 | 61,000 | 61,000 | 61,000 | 60,000 |
| Inventory turnover | 3.29 | 5.44 | 6.21 | 4.87 | 4.89 | 4.96 | 4.99 | 5.17 | 5.17 | 5.27 | 5.81 | 5.79 | 5.27 | 4.17 | 3.88 | 3.93 | 32.52 | 64.10 | 64.13 | 65.37 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $296,000K ÷ $90,000K
= 3.29
The inventory turnover ratio for California Resources Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating the number of times the inventory is sold and replaced within a specific period.
Initially, from March 2020 to December 2021, the inventory turnover ratio remained relatively high, indicating efficient management of inventory with rapid turnover. However, a significant decline was observed in the ratio by March 31, 2021, dropping to just 3.93, and it continued to decrease in the following quarter to 3.88.
The company then managed to improve its inventory turnover slightly from September 2021 to December 2021, reaching a value of 5.27. This improvement continued into the first half of 2022, with the ratio peaking at 5.81 by June 30, 2022, indicating a more efficient inventory management process.
Throughout the latter half of 2022 and into 2024, the inventory turnover ratio remained relatively stable, ranging between 4.87 and 6.21. While the ratio fluctuated during this period, it generally suggests that California Resources Corp was able to maintain a decent level of inventory turnover.
Overall, periodic variations in the inventory turnover ratio of California Resources Corp indicate changes in the company's ability to efficiently manage its inventory levels and convert them into sales. Further analysis of the company's operations and market conditions would be needed to fully understand the implications of these fluctuations in the inventory turnover ratio.
Peer comparison
Dec 31, 2024
Dec 31, 2024