Crescent Energy Co (CRGY)

Days of inventory on hand (DOH)

		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
Inventory turnover		15.05	—	4.35	3.26	3.22	1.83	7.96	5.91	—
DOH	days	24.26	—	83.84	112.13	113.51	199.51	45.88	61.77	—

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.05
= 24.26

The days of inventory on hand (DOH) ratio for Crescent Energy Co fluctuated over the periods analyzed.

As of September 30, 2024, Crescent Energy Co had 24.26 days of inventory on hand, indicating that the company holds approximately 24 days' worth of inventory at its current sales rate. This suggests efficient inventory management, as a lower DOH typically indicates faster inventory turnover.

The DOH was not available for June 30, 2024, and September 30, 2022.

In the previous quarter, as of June 30, 2024, the company's DOH was not reported. However, in March 31, 2024, Crescent Energy Co had 83.84 days of inventory on hand, signifying a longer period of time that the inventory is held before being sold. This could indicate overstocking or slower sales, which may tie up capital and increase carrying costs.

Looking further back, as of December 31, 2023, the DOH was 112.13 days, and in September 30, 2023, it was 113.51 days. Both periods also reflected relatively high DOH figures, suggesting potential inefficiencies in managing inventory levels.

However, there was a significant improvement in efficiency in inventory management in the quarter ending March 31, 2023, where the DOH was 45.88 days, indicating a more favorable position in terms of inventory turnover.

In general, it is important for Crescent Energy Co to closely monitor its DOH ratio to ensure optimal inventory levels, avoid overstocking, reduce carrying costs, and improve overall operational efficiency.