Magnolia Oil & Gas Corp (MGY)

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 — — — — — — — — — — — — 145.62 — — — — — — 2,306.08
DOH days — — — — — — — — — — — — 2.51 — — — — — — 0.16

December 31, 2024 calculation

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

Based on the provided data, the days of inventory on hand (DOH) for Magnolia Oil & Gas Corp fluctuates over time. As of December 31, 2021, the company had 2.51 days of inventory on hand.

This metric indicates how many days, on average, the company holds inventory before selling it. A lower DOH is generally preferred as it implies faster inventory turnover and more efficient working capital management.

However, the lack of data for most of the periods makes it challenging to assess the trend and make comparisons. It's important for Magnolia Oil & Gas Corp to maintain optimal inventory levels to balance the risk of stockouts with the cost of holding excess inventory. Monitoring DOH consistently can help the company optimize its inventory management practices.