Northern Oil & Gas Inc (NOG)

The days of inventory on hand (DOH) for Northern Oil & Gas Inc have exhibited significant fluctuations over the years. As of December 31, 2020, the company had 61.30 days of inventory on hand, indicating that the company held inventory for an average of around 2 months before selling it. By December 31, 2021, the DOH had decreased substantially to 8.30 days, suggesting a more efficient management of inventory or possibly a decrease in overall inventory levels.

In December 31, 2022, the DOH increased to 24.11 days, indicating that the company was holding onto inventory for a slightly longer period compared to the previous year but still at a relatively reasonable level. Interestingly, the data for December 31, 2023, and December 31, 2024, show that the DOH values are not available (indicated as "— days"), possibly due to missing or incomplete data for those periods.

The fluctuations in the DOH for Northern Oil & Gas Inc reflect changes in the company's inventory management efficiency and overall inventory levels over the years, which could be influenced by factors such as production levels, sales trends, supply chain management, and market demand. Further analysis and contextual information would be needed to fully understand the reasons behind these fluctuations and their potential impact on the company's operations and financial performance.

Peer comparison

Dec 31, 2024