California Resources Corp (CRC)
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 | 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 | 2,202,000 | 2,289,000 | 2,304,000 | 2,315,000 |
| Inventory | US$ in thousands | 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 | 67,000 | 66,000 | 70,000 | 71,000 |
| Inventory turnover | 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 | 32.87 | 34.68 | 32.91 | 32.61 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $352,000K ÷ $72,000K
= 4.89
The inventory turnover for California Resources Corporation for each quarter in the provided data is 0.00. This implies that the company did not generate any sales revenue during these quarters relative to the average inventory held in those periods. A low or zero inventory turnover ratio may indicate inefficiencies in inventory management, overstocking, or a decline in sales. This situation could lead to higher carrying costs and potential obsolescence of inventory. Further analysis of the company's sales patterns, inventory levels, and operational efficiency may provide insights into the reasons behind the consistently low inventory turnover.
Peer comparison
Dec 31, 2023
Dec 31, 2023