Comstock Resources Inc (CRK)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		—	—	—	—	—	55.49	80.85	35.11	36.15	446.26	410.06	291.80	150.14	27.87	63.61	143.25	215.30	76.81	—	5.61
DOH	days	—	—	—	—	—	6.58	4.51	10.40	10.10	0.82	0.89	1.25	2.43	13.10	5.74	2.55	1.70	4.75	—	65.02

December 31, 2024 calculation

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

The days of inventory on hand (DOH) is a measure that indicates how many days, on average, a company holds its inventory before selling it. A lower DOH value suggests more efficient inventory management, while a higher value could indicate excess inventory or slow-moving products.

Analyzing the data provided for Comstock Resources Inc, we can see fluctuations in the DOH over the reporting periods. The company had a high DOH of 65.02 days on March 31, 2020, which could indicate the company was holding onto inventory for an extended period before selling.

The DOH then dropped significantly to 4.75 days on September 30, 2020, and further decreased to 1.70 days by December 31, 2020. These lower values suggest that Comstock Resources Inc efficiently managed its inventory during these periods.

Subsequently, the DOH fluctuated over the following quarters, with values varying between 1.25 days to 13.10 days. These fluctuations could be due to changes in demand, production efficiency, or inventory management strategies.

The most recent data available shows a DOH of 6.58 days on September 30, 2023. This value indicates that the company held inventory for approximately 6.58 days before selling it during that period.

However, it is important to note that there are instances where DOH values are not provided (denoted as "— days"). These missing values could be due to various reasons, such as data unavailability or specific circumstances that impacted the calculation of DOH for those periods.

Overall, a consistent downward trend in the DOH could signal improved efficiency in inventory management, while significant fluctuations may require further investigation to understand the underlying factors affecting Comstock Resources Inc's inventory holding periods.