Viper Energy Ut (VNOM)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 437.77 | 13.90 | — | — | — | |
| DOH | days | 0.83 | 26.26 | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 437.77
= 0.83
The days of inventory on hand (DOH) for Viper Energy Ut has shown a significant improvement from 26.26 days as of December 31, 2022, to a remarkably low level of 0.83 days as of December 31, 2023. This indicates that the company is managing its inventory effectively and efficiently. A decreasing trend in DOH suggests that Viper Energy Ut is selling its inventory at a faster rate and turning over its stock more quickly, which can lead to lower holding costs and better cash flow management. Investors and stakeholders may view this favorable trend positively as it reflects sound inventory management practices within the company.
Peer comparison
Dec 31, 2023