Coterra Energy Inc (CTRA)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	876,000	917,000	866,000	406,699	175,258
Inventory	US$ in thousands	59,000	63,000	39,000	15,000	13,932
Inventory turnover		14.85	14.56	22.21	27.11	12.58

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $876,000K ÷ $59,000K
= 14.85

The inventory turnover ratio for Coterra Energy Inc has been consistently at 0.00 for the past five years, indicating that the company is not efficiently managing its inventory. A low inventory turnover ratio could suggest overstocking, obsolete inventory, or difficulties in selling products. It is essential for the company to improve its inventory management practices to optimize its operations, reduce holding costs, and enhance profitability. Further analysis and actions may be needed to address this issue and improve the company's overall financial performance.