Devon Energy Corporation (DVN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 451,000 | 428,000 | 689,000 | 3,120,000 | 3,430,000 |
| Inventory | US$ in thousands | 249,000 | 201,000 | 114,000 | — | 1,276,000 |
| Inventory turnover | 1.81 | 2.13 | 6.04 | — | 2.69 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $451,000K ÷ $249,000K
= 1.81
Based on the provided data, it appears that there is no specific information available on Devon Energy Corp.'s inventory turnover for the years 2020, 2021, 2022, and 2023. This lack of data limits the ability to analyze the efficiency of Devon Energy Corp.'s inventory management in turning over its inventory during these periods. It is essential to have this ratio calculated to assess how effectively the company is managing its inventory levels and whether there have been any significant changes in efficiency over time. Without this information, it is challenging to draw meaningful insights regarding Devon Energy Corp.'s inventory turnover performance.
Peer comparison
Dec 31, 2023