Comstock Resources Inc (CRK)

Cash conversion cycle

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
Days of inventory on hand (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
Days of sales outstanding (DSO) days
Number of days of payables days
Cash conversion cycle days 0.00 0.00 0.00 0.00 0.00 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 0.00 65.02

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

The cash conversion cycle (CCC) of Comstock Resources Inc has shown fluctuations over the past few quarters, indicating changes in the company's operating efficiency and financial management. The CCC represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

In the last reported period, December 31, 2024, Comstock Resources Inc had a CCC of 0.00 days, which may suggest that the company efficiently managed its working capital and converted sales into cash almost instantly. This could be a positive indicator of the company's liquidity and operational effectiveness.

However, variations in the CCC were observed in previous periods, with some quarters showing longer cycles. For example, in September 30, 2021, the CCC was 13.10 days, indicating a longer time to convert investments into cash compared to the most recent quarter. This could raise concerns about inventory management or collection processes during that period.

Overall, analyzing the trend in the cash conversion cycle can provide insights into the efficiency of Comstock Resources Inc's operations and how effectively the company manages its working capital to generate cash flows. It is important for investors and stakeholders to monitor changes in the CCC over time to assess the company's financial health and performance.