Viper Energy Ut (VNOM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	—	—	—	548.94	—	—	132.67	19.02	36.98	159.57	—	—	—	—	—	—	—	—	139.37
DOH	days	—	—	—	—	0.66	—	—	2.75	19.19	9.87	2.29	—	—	—	—	—	—	—	—	2.62

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Viper Energy Ut have exhibited fluctuations over the period analyzed. As of December 31, 2023, the company had improved its efficiency in managing inventory, with only 0.66 days' worth of inventory on hand. This indicates that Viper Energy Ut was able to quickly turn its inventory into sales during that period.

However, there are instances, such as September 30, 2022, and December 31, 2022, where the days of inventory on hand reached 9.87 days and 19.19 days, respectively. This suggests that during those periods, Viper Energy Ut may have faced challenges in efficiently managing its inventory levels, resulting in a higher number of days it took to sell its inventory.

It is notable that in some quarters, such as June 30, 2022, and March 31, 2023, the days of inventory on hand significantly decreased to 2.29 days and 2.75 days, respectively, indicating improved inventory management efficiency during those periods.

Overall, the analysis of Viper Energy Ut's days of inventory on hand reflects varying levels of efficiency in inventory management throughout the periods provided. It is essential for the company to maintain an optimal balance in inventory levels to ensure smooth operations and financial health.