Range Resources Corp (RRC)

Days of inventory on hand (DOH)

		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
Inventory turnover		—	20.49	—	—	1.51	3.77	4.10	5.08	—	—	—	274.85	—	30.39	69.93	70.78	—	618.25	147.19	11.08
DOH	days	—	17.81	—	—	241.42	96.73	89.09	71.90	—	—	—	1.33	—	12.01	5.22	5.16	—	0.59	2.48	32.94

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Range Resources Corp's days of inventory on hand (DOH) metric has shown significant fluctuations over the past few years, indicating possible shifts in inventory management practices.

Starting from March 31, 2020, the DOH was relatively high at 32.94 days, suggesting that the company had a substantial amount of inventory on hand at that time. However, within a quarter, by June 30, 2020, the DOH dropped sharply to 2.48 days, indicating a significant improvement in inventory turnover efficiency.

Throughout the next few quarters, Range Resources Corp maintained relatively lower DOH figures, with the metric fluctuating between 0.59 days and 12.01 days, signaling variations in inventory levels and turnover rates. Notably, there were instances of missing data points, indicating possible reporting discrepancies.

The trend took a sharp turn by March 31, 2023, when the DOH spiked to 71.90 days, followed by further increases in the subsequent quarters, reaching as high as 241.42 days by December 31, 2023. Such a substantial increase could indicate potential issues with inventory management, such as excess inventory levels or slower inventory turnover.

Towards the end of 2024, the DOH decreased to 17.81 days, suggesting a potential effort to reduce excess inventory and improve efficiency in managing inventory levels. However, missing data points in certain quarters make it challenging to assess the continuous trend accurately.

Overall, Range Resources Corp's DOH has experienced significant fluctuations, reflecting changes in inventory levels and turnover efficiency, potentially highlighting the company's evolving inventory management strategies and practices.