Liberty Oilfield Services Inc (LBRT)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		17.05	17.71	16.96	16.62	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
DOH	days	21.41	20.61	21.52	21.96	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

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.05
= 21.41

Based on the data provided, Liberty Oilfield Services Inc's days of inventory on hand (DOH) has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The company's DOH was relatively stable in the range of around 18 to 26 days from March 2020 to December 2021.

However, there was a significant increase in DOH towards the end of 2021, reaching a peak of 44.95 days by December 31, 2021. This sudden increase may indicate potential inventory management issues or changes in demand/supply dynamics within the industry.

Subsequently, there was a notable decline in DOH in the following periods, dropping to 19.80 days by June 30, 2023. This improvement suggests that the company may have taken steps to address the high inventory levels observed previously.

Although there were slight fluctuations in DOH in the later periods, ranging from 19.80 to 21.96 days, the overall trend seems to indicate a relatively stable inventory management performance by Liberty Oilfield Services Inc. Monitoring and potentially optimizing inventory levels could help the company maintain a healthy balance between ensuring product availability and managing costs effectively.