Range Resources Corp (RRC)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	375,056	546,516	762,527	571,426	1,000,950
Inventory	US$ in thousands	—	359,489	0	-35,238	0
Inventory turnover		—	1.52	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $375,056K ÷ $—K
= —

Range Resources Corp's inventory turnover has been relatively stable over the years, with no data available for December 31, 2020, 2021, and 2022. The inventory turnover for December 31, 2023, was 1.52, indicating that the company's inventory was sold and replaced approximately 1.52 times during that year. This turnover rate suggests that Range Resources Corp is efficiently managing its inventory levels and effectively converting inventory into sales. However, it is important to note that without data for other years, it's difficult to assess the trend or compare the company's performance over time in this aspect.