Magnolia Oil & Gas Corp (MGY)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	95,462	81,141	75,671	89,554	89,141
Inventory	US$ in thousands	—	—	-170,770	-149,769	-81,559
Inventory turnover		—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $95,462K ÷ $—K
= —

The provided data indicates that the inventory turnover for Magnolia Oil & Gas Corp is not available for the years 2020 to 2024. An inventory turnover ratio represents how many times a company's inventory is sold and replaced over a specific period, highlighting operational efficiency and inventory management effectiveness. The absence of inventory turnover data for these years suggests that there may be challenges in tracking the movement of inventory or that the company may not have disclosed this information. Without this ratio, it becomes difficult to assess the company's ability to manage its inventory effectively, monitor demand fluctuations, and optimize working capital. Further insights would be needed to understand the reasons behind the lack of disclosure and the implications for Magnolia Oil & Gas Corp's overall financial performance and operational efficiency.