Crescent Energy Co (CRGY)

Inventory turnover

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
Cost of revenue (ttm) US$ in thousands 1,375,637 1,360,087 888,271 495,114 495,380 535,687 536,450 529,774 493,643 390,287 327,071 281,666 243,501 302,323 335,842 399,512
Inventory US$ in thousands — 30,089 — 76,014 94,727 89,158 142,209 30,001 40,286 -1,532 — 0 0 — — —
Inventory turnover — 45.20 — 6.51 5.23 6.01 3.77 17.66 12.25 — — — — — — —

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,375,637K ÷ $—K
= —

Crescent Energy Co's inventory turnover ratio, which measures the efficiency of the company in managing its inventory, has shown fluctuations over the periods under consideration. The inventory turnover ratio was not available for several periods, indicating a lack of data or possibly seasonal variations affecting inventory levels.

From March 31, 2022, to March 31, 2024, Crescent Energy Co's inventory turnover ratio ranged from 3.77 to 17.66, with noticeable variations in efficiency in managing inventory levels. Notably, there was a significant increase in the ratio from March 31, 2023, to June 30, 2023, followed by a slight decrease by the end of September 2023. This suggests fluctuations in inventory management practices within the company.

The most striking observation is the exceptionally high inventory turnover ratio of 45.20 on September 30, 2024, indicating a significant improvement in inventory management efficiency during that quarter. However, the absence of data for certain periods, such as June 30, 2022, and December 31, 2024, limits the full assessment of the company's inventory turnover trend.

Overall, based on the available data points, Crescent Energy Co appears to have experienced fluctuations in its inventory turnover ratio, with some periods showing improved efficiency in managing inventory levels. It would be beneficial for the company to provide more consistent and complete data to enable a more comprehensive analysis of its inventory management performance.