Permian Resources Corporation (PR)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	2,852,149	2,749,764	2,415,431	2,007,009	1,559,683	1,217,035	1,054,756	871,059	714,460	565,246	513,676	492,802	481,437	474,113	478,334	498,578	539,145	602,560	645,346	672,445
Inventory	US$ in thousands	—	—	0	0	—	2,662	87,737	108,293	100,797	—	—	—	0	—	—	—	—	0	—	—
Inventory turnover		—	—	—	—	—	457.19	12.02	8.04	7.09	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,852,149K ÷ $—K
= —

Permian Resources Corporation's inventory turnover has shown significant fluctuations over the periods provided. The inventory turnover was not calculable for most of the periods but notably increased to 7.09 for the quarter ending December 31, 2022, and further improved to 8.04 for the following quarter.

However, a drastic surge in inventory turnover was observed for the quarter ending September 30, 2023, reaching 457.19, which indicates a substantial increase in the efficiency of managing inventory during that period.

It is important to note that inventory turnover ratios can vary significantly across different industries and companies. A high inventory turnover ratio suggests that Permian Resources Corporation is efficiently managing its inventory levels, potentially minimizing carrying costs and reducing the risk of excess or obsolete inventory.

However, it would be beneficial to monitor the inventory turnover ratio over subsequent periods to identify any trends or anomalies to ensure optimal inventory management practices are maintained.