Magnolia Oil & Gas Corp (MGY)

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		—	—	—	—	—	—	—	—	145.62	—	—	—	—	—	—	2,306.08	—	46.11	—	6.45
DOH	days	—	—	—	—	—	—	—	—	2.51	—	—	—	—	—	—	0.16	—	7.92	—	56.61

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Magnolia Oil & Gas Corp have fluctuated over the periods presented. Notably, the DOH was stable at around 2 to 3 days, indicating efficient management of inventory during the latter half of 2021 and the beginning of 2022. However, there was a significant increase in inventory holding during the third quarter of 2022, with DOH peaking at 56.61 days. This abrupt increase may suggest challenges in managing inventory levels efficiently during that period. Subsequently, the company was able to reduce the DOH to 0.16 days by the first quarter of 2023 before the data became unavailable for some periods in 2023. Overall, monitoring the DOH trend can provide insights into Magnolia Oil & Gas Corp's inventory management effectiveness and operational efficiency.