Comstock Resources Inc (CRK)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	1,064,474	1,379,194	1,342,284	1,307,730	1,298,870	1,330,273	1,419,151	1,410,310	1,258,549	1,056,749	855,379	758,962	752,936	735,511	684,807	662,799	663,113	678,212	661,262	571,564
Inventory	US$ in thousands	—	-155,857	—	—	—	23,973	17,553	40,170	34,819	2,368	2,086	2,601	5,015	26,392	10,765	4,627	3,080	8,830	-46,916	101,821
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,064,474K ÷ $—K
= —

Comstock Resources Inc's inventory turnover ratio indicates the number of times the company's inventory is sold and replaced within a specific period. The trend in Comstock Resources Inc's inventory turnover ratio shows fluctuations over the years.

- In March 2020, the inventory turnover ratio was 5.61, suggesting that the company turned over its inventory approximately 5.61 times during that period.
- The ratio was not available for June 2020.
- The ratio significantly increased to 76.81 by September 2020, indicating a more efficient management of inventory.
- By December 2020, the ratio further improved to 215.30, suggesting a rapid turnover of inventory.
- The trend continued to be positive in March 2021 with a high ratio of 143.25.
- However, there was a decrease in June 2021 to 63.61, possibly indicating a slower turnover of inventory.
- The ratio further decreased to 27.87 in September 2021, reflecting a potential inventory management challenge.
- By December 2021, the ratio increased to 150.14, showing improvement.
- Subsequently, the ratio surged to 291.80 in March 2022, indicating a significant increase in inventory turnover.
- The trend continued with high turnover ratios in June and September 2022 (410.06 and 446.26, respectively).
- However, there was a substantial drop in the ratio by the end of December 2022 to 36.15.
- The ratio remained relatively low in the following periods, reaching 35.11 in March 2023 and 80.85 in June 2023.
- The ratio was not available for the latter half of 2023 and all of 2024.

Overall, Comstock Resources Inc's inventory turnover ratio has shown both high and low points, indicating fluctuations in inventory management efficiency over the years.