Comstock Resources Inc (CRK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 187,941 | 1,298,870 | 1,299,220 | 752,936 | 663,113 |
| Inventory | US$ in thousands | — | — | 34,819 | 5,015 | 3,080 |
| Inventory turnover | — | — | 37.31 | 150.14 | 215.30 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $187,941K ÷ $—K
= —
The inventory turnover ratio for Comstock Resources Inc has shown a declining trend over the years. As of December 31, 2020, the inventory turnover stood at a robust 215.30 times, indicating efficient management of inventory levels. However, by December 31, 2021, the ratio decreased to 150.14 times, suggesting a slight decrease in the efficiency of inventory turnover.
The trend became more pronounced by December 31, 2022, when the inventory turnover ratio dropped significantly to 37.31 times. This sharp decline may indicate potential issues with inventory management, such as overstocking or slow-moving inventory. Unfortunately, there is no data available for the subsequent years, which limits a comprehensive analysis of the company's current inventory turnover performance.
Overall, the decreasing trend in inventory turnover from 2020 to 2022 raises concerns about the company's ability to efficiently manage its inventory levels. Further analysis of subsequent years would be necessary to assess whether this trend persists or if there are any strategic changes undertaken by Comstock Resources Inc to improve its inventory turnover efficiency.
Peer comparison
Dec 31, 2024