Coterra Energy Inc (CTRA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 21.11 | 14.85 | 14.56 | 22.21 | 27.11 | |
| DOH | days | 17.29 | 24.58 | 25.08 | 16.44 | 13.46 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 21.11
= 17.29
To analyze Coterra Energy Inc's days of inventory on hand (DOH) over the years, we observe an increasing trend from 13.46 days as of December 31, 2020, to a peak of 25.08 days as of December 31, 2022. This rise suggests a longer period for the company to sell its inventory, indicating potential inefficiencies in inventory management or potential shifts in demand and supply dynamics.
Subsequently, by December 31, 2024, the DOH decreased to 17.29 days, indicating a modest improvement from the peak observed in 2022 but still higher than the initial measurement in 2020. In conclusion, the fluctuating trend in DOH warrants further investigation into Coterra Energy Inc's inventory management practices to optimize efficiency and maintain a balance between inventory levels and sales operations.
Peer comparison
Dec 31, 2024