Diamondback Energy Inc (FANG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.63 | 2.36 | 2.50 | 185.33 | 24.35 | |
| DOH | days | 138.52 | 154.78 | 146.00 | 1.97 | 14.99 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.63
= 138.52
Based on the provided data, it appears that the days of inventory on hand (DOH) for Diamondback Energy Inc is not available for the years ending in December 31, 2023, 2022, 2021, 2020, and 2019. The DOH ratio is a measure of how many days a company can continue operating without needing to replenish its inventory. Without the specific DOH values for the mentioned years, it is challenging to assess Diamondback Energy Inc's efficiency in managing its inventory levels and controlling costs related to excess inventory or stockouts. In order to conduct a more in-depth analysis of the company's inventory management performance, it would be beneficial to have access to the missing DOH data for further evaluation and comparison with industry benchmarks or historical trends.
Peer comparison
Dec 31, 2023