Range Resources Corp (RRC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 1.52 | — | — | — | |
| DOH | days | — | 240.09 | — | — | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Range Resources Corp as per the provided data exhibit an erratic pattern over the years. On December 31, 2023, the company had an inventory turnover cycle of approximately 240.09 days. This extended period suggests that Range Resources Corp may be holding excessive levels of inventory relative to its sales volume, which could result in increased carrying costs and potential obsolescence risks. However, for the years 2020, 2021, and 2024, specific DOH values are not available, making it challenging to draw a comprehensive analysis of the company's inventory management efficiency. It would be beneficial for Range Resources Corp to monitor and optimize its inventory levels to enhance operational efficiency and financial performance.
Peer comparison
Dec 31, 2024