SM Energy Co (SM)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	690,936	748,282	656,832	1,512,930	671,364
Inventory	US$ in thousands	56,442	48,677	24,095	31,203	55,184
Inventory turnover		12.24	15.37	27.26	48.49	12.17

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $690,936K ÷ $56,442K
= 12.24

To calculate SM Energy Co's inventory turnover ratio, we need the values of Cost of Goods Sold (COGS) and Average Inventory for each year. Given the absence of specific data in the table provided, it is not possible to compute the inventory turnover ratio. This ratio is essential for evaluating how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced over a specific period. A higher inventory turnover ratio indicates effective inventory management, while a low ratio may suggest overstocking or slow-moving products. It is recommended to obtain the necessary financial figures to perform a detailed analysis and assess SM Energy Co's inventory turnover performance over the years in question.