Diamondback Energy Inc (FANG)

Days of inventory on hand (DOH)

		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
Inventory turnover		2.51	2.20	2.33	2.26	2.25	2.73	2.54	2.61	2.42	21.66	50.62	99.15	186.79	180.12	130.65	52.97	24.35	2.10	2.03	2.03
DOH	days	145.54	165.91	156.43	161.44	161.95	133.76	143.79	139.69	150.87	16.85	7.21	3.68	1.95	2.03	2.79	6.89	14.99	173.74	180.22	180.18

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.51
= 145.54

Based on the provided data, Diamondback Energy Inc's days of inventory on hand (DOH) are not available for the given quarters. This lack of information impedes the ability to analyze the efficiency of the company's inventory management throughout the specified periods. It is crucial to have access to the DOH metric to assess how well the company is managing its inventory levels and the potential impact on its financial performance. For a more thorough analysis of Diamondback Energy Inc's operational efficiency, additional data regarding inventory turnover and inventory holding costs would be necessary.