Coterra Energy Inc (CTRA)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		14.71	13.36	13.29	15.70	14.16	23.72	26.38	25.60	22.15	34.48	22.92	25.21	26.97	12.16	9.73	9.59	12.47	9.74	9.15	9.48
DOH	days	24.81	27.32	27.46	23.25	25.78	15.39	13.84	14.26	16.48	10.59	15.93	14.48	13.53	30.02	37.51	38.06	29.26	37.49	39.89	38.51

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.71
= 24.81

The days of inventory on hand (DOH) for Coterra Energy Inc has shown a fluctuating trend over the past eight quarters. Notably, the DOH was not provided for the most recent quarters, Q4 2023 and Q3 2023.

Looking at historical data, there was a significant increase in DOH from Q2 2022 to Q3 2022, where it reached 208.05 days. Subsequently, there was a decrease in Q4 2022 followed by a further decline in Q1 2023 to 108.83 days, indicating an improvement in managing inventory levels.

The DOH metric measures how many days a company can operate solely on its existing inventory without generating additional sales. A lower DOH value typically reflects efficient inventory management, while a higher value may suggest excessive inventory or potential inefficiencies in the supply chain.

It is important for Coterra Energy Inc to monitor its inventory levels closely to ensure optimal utilization of resources and to avoid holding excess inventory that may tie up capital. Further analysis of the most recent DOH data would provide a clearer picture of the company's current inventory management practices.