Magnolia Oil & Gas Corp (MGY)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	81,141	75,671	89,554	89,141	89,887
Inventory	US$ in thousands	—	-170,770	-149,769	-81,559	-105,775
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $81,141K ÷ $—K
= —

To calculate the inventory turnover ratio for Magnolia Oil & Gas Corp, we would need the average inventory figure for each respective year. However, since the inventory turnover ratio for the years 2019 to 2023 is not provided in the table, we are unable to conduct a specific analysis. Nonetheless, the inventory turnover ratio is a key metric that reflects how efficiently a company manages its inventory levels by measuring how many times a company sells and replaces its inventory over a certain period. A high inventory turnover ratio indicates that a company is effectively managing its inventory and generating sales, while a low ratio may suggest slow-moving inventory or overstocking. It is essential to analyze this ratio in conjunction with industry benchmarks and trends to understand Magnolia Oil & Gas Corp's performance in inventory management effectively.