Range Resources Corp (RRC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		1.52	—	—	—	165.48
DOH	days	240.09	—	—	—	2.21

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.52
= 240.09

Based on the provided data, it appears that specific figures for the Days of Inventory on Hand (DOH) for Range Resources Corp are not available for the years ending December 31, 2019, 2020, 2021, 2022, and 2023. Unfortunately, this lack of data prevents a quantitative analysis of Range Resources Corp's inventory turnover efficiency over this five-year period.

In order to assess the company's inventory management performance accurately, further information regarding the average inventory levels and cost of goods sold would be necessary to calculate the DOH ratio. The Days of Inventory on Hand metric is crucial for evaluating how efficiently a company manages its inventory levels and the speed at which it sells inventory. A higher DOH could indicate slow inventory turnover or overstocking issues, while a lower DOH may suggest effective inventory management or potential stock-outs.

Without precise figures for the days of inventory on hand for Range Resources Corp, it is challenging to provide a detailed analysis of the company's inventory management efficiency over the five-year period. Additional financial data would be required to calculate the DOH ratio and provide meaningful insights into the company's inventory turnover dynamics.