Viper Energy Ut (VNOM)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	210,703	251,935	230,860	213,984	196,519	181,188	178,720	180,036	177,443	173,269	161,162	145,291	135,545	131,491	127,329	121,091	120,345	119,544	113,143	108,152
Inventory	US$ in thousands	—	—	0	—	358	—	—	1,357	9,328	4,686	1,010	—	0	0	—	0	—	—	0	776
Inventory turnover		—	—	—	—	548.94	—	—	132.67	19.02	36.98	159.57	—	—	—	—	—	—	—	—	139.37

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $210,703K ÷ $—K
= —

The inventory turnover ratio for Viper Energy Ut provides insights into how efficiently the company is managing its inventory. Looking at the data provided, we observe fluctuations in the inventory turnover ratio over the reporting periods.

- As of March 31, 2020, the inventory turnover ratio was notably high at 139.37, indicating that Viper Energy Ut was able to sell and replace its inventory rapidly during that period.

- Subsequently, from June 30, 2020, to December 31, 2024, the inventory turnover ratio was not determinable as indicated by "—" sign, suggesting a lack of available data to calculate the ratio. This absence of data may be due to various reasons, such as seasonal fluctuations, changes in inventory practices, or reporting constraints.

- The ratio resumed data availability on June 30, 2022, with a robust inventory turnover ratio of 159.57, showcasing efficient inventory management practices during that quarter.

- There was a noticeable decline in the inventory turnover ratio on September 30, 2022, and December 31, 2022, which dropped to 36.98 and 19.02, respectively. These lower ratios could imply slower inventory turnover during these periods, potentially indicating excess inventory levels or sluggish sales.

- The inventory turnover ratio surged significantly to 132.67 on March 31, 2023, suggesting a swift turnover of inventory during that quarter.

- A notable peak in the inventory turnover ratio was observed on December 31, 2023, reaching 548.94. This exceptionally high ratio may indicate a substantial increase in sales relative to the inventory level, potentially signaling efficient inventory management or a spike in demand.

- From March 31, 2024, to December 31, 2024, the ratio was not available for analysis.

Overall, the analysis of Viper Energy Ut's inventory turnover ratio reveals fluctuations in the efficiency of inventory management over the reporting periods, with instances of both rapid turnover and potential challenges in managing inventory levels effectively.