Crescent Energy Co (CRGY)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	11.38	10.89	—	457.42
DOH	days	—	32.06	33.51	—	0.80

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Days of Inventory on Hand (DOH) is a crucial ratio in evaluating a company's management of its inventory levels. Looking at Crescent Energy Co's historical DOH figures, we observe the following trends:

1. December 31, 2020 - 0.80 days:
- In 2020, Crescent Energy Co had a very low DOH of 0.80 days, indicating that the company was able to sell its entire inventory within less than a day. This could suggest efficient inventory management or a just-in-time inventory strategy.

2. December 31, 2021 - N/A:
- The DOH for 2021 is not available (marked as "N/A"), which may indicate missing data or a change in reporting practices. Without this information, it is challenging to assess how the company managed its inventory during this period.

3. December 31, 2022 - 33.51 days:
- In 2022, Crescent Energy Co experienced a significant increase in its DOH to 33.51 days. This indicates that it took the company approximately 33.51 days to sell its inventory, which could signify slower inventory turnover or perhaps an increase in inventory levels compared to the previous year.

4. December 31, 2023 - 32.06 days:
- The DOH decreased slightly in 2023 to 32.06 days, signaling a slight improvement in inventory turnover compared to the previous period. However, the company still takes around 32 days to sell its inventory, indicating room for further optimization.

5. December 31, 2024 - N/A:
- The DOH for 2024 is also not available (marked as "N/A"), making it challenging to evaluate how Crescent Energy Co managed its inventory levels in the most recent period.

In conclusion, Crescent Energy Co's DOH has shown fluctuations over the years, with a notable increase in 2022 followed by a slight improvement in 2023. The absence of data for 2021 and 2024 limits our ability to provide a comprehensive assessment of the company's inventory management performance. Monitoring future DOH figures will be essential to track the company's progress in optimizing inventory levels and turnover efficiency.