Viper Energy Ut (VNOM)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	233,906	202,425	174,936	156,721	141,820	136,259	134,029	129,642	126,244	120,746	113,044	110,787	179,852	179,342	177,667	177,868	107,400	101,311	95,081	85,667
Inventory	US$ in thousands	—	0	—	358	—	—	1,357	9,328	4,686	1,010	—	—	—	—	—	—	—	—	776	—
Inventory turnover		—	—	—	437.77	—	—	98.77	13.90	26.94	119.55	—	—	—	—	—	—	—	—	122.53	—

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $233,906K ÷ $—K
= —

The inventory turnover for Viper Energy Ut has shown significant variability over the past several quarters. In the most recent quarter, ending on September 30, 2024, the inventory turnover was notably high at 437.77, indicating that the company sold and replaced its inventory nearly 438 times during that period.

This spike in inventory turnover could be due to efficient inventory management practices or high demand for the company's products. In contrast, looking at historical data, the inventory turnover has fluctuated widely, with lower figures in some quarters, such as 13.90 on December 31, 2022, and 26.94 on September 30, 2022.

Overall, the trend in inventory turnover for Viper Energy Ut appears to be somewhat erratic, potentially influenced by seasonal factors, changes in demand, or adjustments in inventory management strategies. It would be advisable for stakeholders to further investigate the reasons behind these fluctuations to assess the effectiveness of the company's inventory management practices.