Vital Energy Inc. (VTLE)

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	1,352,924	599,952	606,588	601,497	598,071	446,205	439,841	438,358	435,391	195,866	247,847	300,012	325,990	407,826	584,777	1,000,225	1,048,954	1,347,087	1,508,585	1,045,435
Inventory	US$ in thousands	17,289	—	—	—	13,723	3,775	11,942	39,109	6,070	18,990	5,174	5,899	10,160	3,272	—	—	3,196	81,129	151,704	270,686
Inventory turnover		78.25	—	—	—	43.58	118.20	36.83	11.21	71.73	10.31	47.90	50.86	32.09	124.64	—	—	328.21	16.60	9.94	3.86

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,352,924K ÷ $17,289K
= 78.25

Vital Energy Inc.'s inventory turnover has varied significantly over the past few years, showing fluctuations in how efficiently the company manages its inventory. The inventory turnover ratio measures how many times a company sells and replaces its inventory over a period.

In the latest available data, as of December 31, 2024, the inventory turnover stood at 78.25, indicating that the company sold and replaced its inventory approximately 78 times during the year. This suggests a healthy turnover rate, potentially pointing to effective inventory management practices or possibly an increase in sales volume.

It is important to note that there are instances where the inventory turnover ratio was either not available or significantly lower, such as in September 2020 and September 2022. These lower ratios may indicate slower sales activity or potential issues with inventory management efficiency during those periods.

Overall, the trend in Vital Energy Inc.'s inventory turnover ratios shows variability, which could prompt further investigation into the company's supply chain management, demand forecasting, and overall operational efficiency within the inventory management process.