Permian Resources Corporation (PR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	297,560	242,458	144,173	765,185	127,313
Inventory	US$ in thousands	—	100,797	0	—	—
Inventory turnover		—	2.41	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $297,560K ÷ $—K
= —

To calculate the inventory turnover for Permian Resources Corp, we need the values of cost of goods sold (COGS) and average inventory for each year. Without this information, it is not possible to calculate the inventory turnover and provide a detailed analysis. Inventory turnover is a crucial ratio that indicates how efficiently a company manages its inventory levels, and a higher turnover ratio generally signifies better inventory management. It would be helpful to obtain the necessary data to perform the calculation and assess the trend in Permian Resources Corp's inventory turnover over the years.