Crescent Energy Co (CRGY)

Days of inventory on hand (DOH)

		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
Inventory turnover		—	45.20	—	6.51	5.23	6.01	3.77	17.66	12.25	—	—	—	—	—	—	—
DOH	days	—	8.07	—	56.04	69.80	60.75	96.76	20.67	29.79	—	—	—	—	—	—	—

December 31, 2024 calculation

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

Crescent Energy Co's days of inventory on hand (DOH) has shown fluctuations over the periods analyzed. As of December 31, 2022, the company had an inventory turnover of approximately 29.79 days, indicating that on average, it took about 29.79 days for Crescent Energy Co to sell its inventory.

The DOH decreased significantly to 20.67 days by March 31, 2023, and then experienced a sharp increase to 96.76 days by June 30, 2023. This sudden jump suggests that Crescent Energy Co may have been holding excess inventory during that period, which could tie up valuable resources and potentially lead to increased carrying costs.

However, the company managed to reduce its DOH to 60.75 days by September 30, 2023, and further to 69.80 days by December 31, 2023. These improvements indicate better inventory management practices, potentially leading to lower holding costs and improved cash flow efficiency.

By March 31, 2024, the DOH decreased further to 56.04 days, suggesting continued efficiency in managing inventory levels. The subsequent periods have incomplete data, with no DOH figures provided for June 30, 2024, and December 31, 2024.

Overall, analyzing Crescent Energy Co's DOH reveals fluctuations in its inventory turnover efficiency over the periods examined, with some periods indicating potential excess inventory holdings and others showing improvements in inventory management. Tracking this ratio over time can offer insights into the company's operational efficiency and inventory management strategies.