Coterra Energy Inc (CTRA)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 966,000 | 946,000 | 922,000 | 882,000 | 868,000 | 855,000 | 864,000 | 879,000 | 892,000 | 1,351,872 | 1,213,324 | 1,049,515 | 863,671 | 440,673 | 398,680 | 400,078 | 404,596 | 181,513 | 174,626 | 175,019 |
| Inventory | US$ in thousands | 46,000 | 46,000 | 45,000 | 52,000 | 59,000 | 64,000 | 65,000 | 56,000 | 63,000 | 57,000 | 46,000 | 41,000 | 39,000 | 12,781 | 17,395 | 15,870 | 15,000 | 14,929 | 17,948 | 18,249 |
| Inventory turnover | 21.00 | 20.57 | 20.49 | 16.96 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $966,000K ÷ $46,000K
= 21.00
Coterra Energy Inc's inventory turnover has shown some fluctuation over the past few years. The inventory turnover ratio measures how efficiently a company is managing its inventory by indicating how many times, on average, the inventory has been sold and replaced over a certain period.
From March 31, 2020, to December 31, 2024, Coterra Energy Inc's inventory turnover ratio varied between 9.59 and 34.48. The highest inventory turnover was recorded on September 30, 2021, at 34.48, indicating that the company sold and replaced its inventory 34.48 times during that period. On the other hand, the lowest turnover was observed on March 31, 2023, at 13.29.
The trend in the inventory turnover ratio shows an increase from 9.59 on March 31, 2020, to a peak of 34.48 on September 30, 2021. Subsequently, the ratio declined but remained relatively stable around the 20 mark, indicating efficient management of inventory turnover. The ratio saw a slight decrease to 21.00 on December 31, 2024.
Overall, Coterra Energy Inc's inventory turnover ratio demonstrates effective management of inventory levels and sales efficiency, with some fluctuations observed over the analyzed period. It is important to monitor inventory turnover to ensure optimal inventory management and meet customer demands effectively.
Peer comparison
Dec 31, 2024
Dec 31, 2024