Viper Energy Ut (VNOM)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 437.77 | — | — | 98.77 | 13.90 | 26.94 | 119.55 | — | — | — | — | — | — | — | — | 122.53 | — | |
| DOH | days | — | — | — | 0.83 | — | — | 3.70 | 26.26 | 13.55 | 3.05 | — | — | — | — | — | — | — | — | 2.98 | — |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Viper Energy Ut has shown variability over the periods analyzed. The trend indicates fluctuations in managing inventory levels efficiently.
On Dec 31, 2023, the company only held inventory for approximately 0.83 days, which suggests effective inventory management, potentially due to streamlined operations or a just-in-time inventory system. However, this was followed by a significant increase to 26.26 days on Dec 31, 2022, indicating a significant increase in inventory holding period, which could lead to higher carrying costs and potential obsolescence risks.
The DOH improved to 2.98 days on Mar 31, 2020, indicating a more efficient inventory management approach. However, there are periods where data is not available, suggesting possible gaps in data reporting or irregularities in inventory tracking.
Overall, Viper Energy Ut's DOH fluctuates across the periods analyzed, highlighting the importance of continuously monitoring and optimizing inventory management practices to maintain cost-efficiency and operational effectiveness.
Peer comparison
Sep 30, 2024