SM Energy Co (SM)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		12.24	27.44	9.74	9.22	15.37	17.82	40.01	71.83	27.26	24.20	—	—	48.49	12.38	7.64	3.57	12.17	4.88	6.15	10.47
DOH	days	29.82	13.30	37.46	39.58	23.74	20.49	9.12	5.08	13.39	15.08	—	—	7.53	29.48	47.75	102.35	30.00	74.80	59.31	34.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.24
= 29.82

Based on the provided data, it appears that specific inventory turnover information for SM Energy Co is not available for the mentioned quarters. Without the exact number of days of inventory on hand (DOH) for each period, we are unable to calculate or analyze the trend in inventory management efficiency over time. Additionally, the absence of this key metric impedes our ability to evaluate the company's inventory turnover, liquidity, and working capital management in a meaningful manner. As a result, it is recommended to gather the relevant DOH data for future quarters to conduct a more thorough and insightful analysis of SM Energy Co's inventory management performance.