Matador Resources Company (MTDR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	249,934	217,164	101,098	751,964	84,674
Inventory	US$ in thousands	41,808	15,184	12,188	10,584	10,744
Inventory turnover		5.98	14.30	8.29	71.05	7.88

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $249,934K ÷ $41,808K
= 5.98

The inventory turnover ratio for Matador Resources Co has been consistently reported as 0.00 for the past five years. This indicates that the company is not effectively managing its inventory levels or is experiencing challenges in selling its inventory efficiently. A low or zero inventory turnover ratio may suggest excess or obsolete inventory, leading to potential liquidity issues and reduced profitability. It is important for the company to evaluate its inventory management practices and possibly implement strategies to improve inventory turnover in order to enhance operational efficiency and financial performance.