Matador Resources Company (MTDR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.98	14.30	8.29	71.05	7.88
DOH	days	61.06	25.52	44.00	5.14	46.31

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.98
= 61.06

To analyze Matador Resources Co's days of inventory on hand (DOH), we need specific data for each year. Unfortunately, the table provided does not contain any numerical values for the DOH ratio for the years 2019 to 2023. Without this essential data, it is impossible to conduct a detailed analysis or provide insights into Matador's inventory management efficiency over the years.

For a meaningful assessment of the company's inventory turnover and liquidity, we would require the inventory balances and cost of goods sold figures for each year to calculate the DOH metric. This ratio helps measure how many days, on average, a company takes to sell its inventory.

In the absence of the required information, any analysis of Matador Resources Co's DOH would be purely speculative. For a thorough evaluation of the company's inventory management performance, we recommend obtaining the complete financial data set and conducting a comprehensive calculation of the DOH ratio for each year.