Liberty Oilfield Services Inc (LBRT)

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		17.44	17.43	18.43	18.15	15.55	16.50	16.89	18.32	17.67	16.81	12.48	8.22	8.12	13.99	16.82	19.39	19.47	20.19	20.17	23.95
DOH	days	20.93	20.94	19.80	20.11	23.47	22.12	21.61	19.92	20.66	21.71	29.25	44.40	44.95	26.10	21.71	18.82	18.75	18.08	18.10	15.24

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.44
= 20.93

Liberty Energy Inc's Days of Inventory on Hand (DOH) has been relatively stable over the past 8 quarters, ranging from 21.05 days to 24.86 days. This indicates that, on average, the company holds inventory for around 21 to 25 days before it is sold. The trend suggests that Liberty Energy Inc has been managing its inventory efficiently without significant fluctuations. However, it would be beneficial to compare the DOH with industry benchmarks to assess the company's inventory management performance relative to its peers. Overall, a consistent DOH demonstrates effective inventory control, which can support optimal cash flow management and operational efficiency.