Matador Resources Company (MTDR)

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		8.14	7.53	6.82	6.45	5.98	6.13	6.89	10.48	14.30	7.77	8.25	8.73	8.29	64.04	82.07	85.75	88.91	22.07	6.46	7.09
DOH	days	44.82	48.46	53.52	56.55	61.06	59.58	52.97	34.83	25.52	46.97	44.24	41.83	44.00	5.70	4.45	4.26	4.11	16.54	56.49	51.51

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.14
= 44.82

The Days of Inventory on Hand (DOH) for Matador Resources Company has shown some fluctuations over the years based on the provided data. The company maintained an average DOH of around 40-50 days from March 2020 to June 2021, indicating that it took approximately that many days to sell its inventory.

There was a significant decrease in DOH from September 2020 to December 2020, where it reduced from 16.54 days to 4.11 days, suggesting that the company was able to manage its inventory more efficiently during that period. This trend continued into March 2021, with DOH staying low at 4.26 days.

However, from September 2021 to September 2023, there was an upward trend in DOH, peaking at 59.58 days in September 2023. This indicates that Matador Resources Company may have faced challenges in managing its inventory effectively during this period.

Subsequently, from December 2023 to December 2024, there was a gradual decline in DOH, suggesting that the company improved its inventory management practices. By December 2024, the DOH had decreased to 44.82 days.

Overall, the fluctuations in Matador Resources Company's DOH reflect changes in its inventory management efficiency and could indicate potential operational challenges or improvements in inventory turnover.