Crescent Energy Co (CRGY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | 3.40 | 6.17 | — | |
| DOH | days | 107.31 | 59.12 | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.40
= 107.31
The Days of Inventory on Hand (DOH) for Crescent Energy Co has shown an increasing trend over the past two years.
As of December 31, 2023, the company had inventory on hand for approximately 107.31 days, which was a significant increase from 59.12 days on December 31, 2022. The absence of data for December 31, 2021, makes it challenging to determine the full extent of the trend.
The increase in DOH could indicate potential issues such as overstocking of inventory, slower sales, or inefficiencies in inventory management. It may also suggest that the company is holding onto inventory for a longer period, tying up cash that could otherwise be used for other investments or operations.
Further analysis and comparison with industry norms or competitors' DOH ratios would provide additional insights into Crescent Energy Co's inventory management efficiency and overall operational performance.
Peer comparison
Dec 31, 2023