SM Energy Co (SM)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	690,936	700,480	722,427	747,612	748,282	751,994	732,553	693,125	656,832	593,272	552,988	510,565	1,512,931	1,585,306	1,617,185	1,654,733	671,364	698,470	703,007	707,292
Inventory	US$ in thousands	56,442	25,524	74,138	81,062	48,677	42,207	18,308	9,649	24,095	24,514	—	—	31,203	128,046	211,582	463,992	55,184	143,142	114,242	67,567
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

December 31, 2023 calculation

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

As the data for SM Energy Co's inventory turnover is not provided in the table, it is not possible to calculate or analyze the inventory turnover for the company. The inventory turnover ratio is a key financial metric that shows how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced over a specific period. Without the necessary information, a detailed analysis of SM Energy Co's inventory turnover cannot be conducted at this time.