Expand Energy Corporation (EXE)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 148,000 | 164,000 | 120,000 | 8,894,000 | 376,000 |
| Inventory | US$ in thousands | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $148,000K ÷ $—K
= —
To calculate the inventory turnover for Expand Energy Corporation, we need information on Cost of Goods Sold (COGS) and average inventory for each year. The inventory turnover ratio is calculated by dividing COGS by the average inventory for the period.
Given the absence of specific data for COGS and average inventory, it is not possible to compute the inventory turnover for Expand Energy Corporation accurately. However, a high inventory turnover ratio typically indicates efficient management of inventory, as it suggests that the company is selling its inventory quickly.
In contrast, a low inventory turnover ratio may indicate excess inventory levels or slow-moving inventory, which could lead to higher carrying costs and potential obsolescence.
Without the necessary data for COGS and inventory, a thorough analysis of Expand Energy Corporation's inventory turnover trends and performance over the mentioned years cannot be provided.
Peer comparison
Dec 31, 2023