Comstock Resources Inc (CRK)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 9.78 | 2.43 | 1.70 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 9.78 | 2.43 | 1.70 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Comstock Resources Inc has shown varying trends over the years. In 2020, the company had a relatively efficient cash conversion cycle of 1.70 days, indicating a quick turnover of cash. However, there was an increase in the cash conversion cycle to 2.43 days by the end of 2021, suggesting a slight slowdown in converting inventory and receivables into cash.
The cash conversion cycle saw a significant spike to 9.78 days by the end of 2022, reflecting a longer period for the company to convert its resources into cash. This could be a red flag indicating potential issues with managing inventory or collecting receivables efficiently.
Interestingly, the cash conversion cycle dropped to 0.00 days by the end of both 2023 and 2024, which could imply a sudden improvement in cash management efficiency or a change in the company's operating cycle.
Overall, the fluctuating nature of Comstock Resources Inc's cash conversion cycle warrants further investigation into the company's working capital management practices and operational efficiency.
Peer comparison
Dec 31, 2024