Devon Energy Corporation (DVN)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	448,000	446,000	441,000	439,000	428,000	440,000	452,000	473,000	675,000	678,000	715,000	687,000	3,737,000	4,386,000	5,065,000	5,825,000	3,455,000	7,202,000	6,547,000	7,273,000
Inventory	US$ in thousands	249,000	233,000	201,000	212,000	201,000	—	—	—	114,000	—	—	—	—	918,000	943,000	936,000	1,276,000	301,000	501,000	—
Inventory turnover		1.80	1.91	2.19	2.07	2.13	—	—	—	5.92	—	—	—	—	4.78	5.37	6.22	2.71	23.93	13.07	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $448,000K ÷ $249,000K
= 1.80

Based on the provided data, it appears that no specific inventory turnover figures are available for Devon Energy Corp. for the periods Q4 2022 through Q1 2023. The inventory turnover ratio, which measures how many times a company's inventory is sold and replaced over a certain period, is critical in assessing a company's operational efficiency and inventory management. A missing inventory turnover figure may indicate insufficient data provided or potential issues related to inventory management and reporting. Further details or data are required to conduct a thorough analysis and evaluate the company's performance in this regard.