Civitas Resources (Civitas Resources) Days Inventory

: 0.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Civitas Resources's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Civitas Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $429 Mil. Hence, Civitas Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Civitas Resources's Days Inventory or its related term are showing as below:

CIVI' s Days Inventory Range Over the Past 10 Years
Min: 3.46 Med: 10.12 Max: 20.73
Current: 5.55

During the past 9 years, Civitas Resources's highest Days Inventory was 20.73. The lowest was 3.46. And the median was 10.12.

CIVI's Days Inventory is ranked better than
87.12% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs CIVI: 5.55

Civitas Resources's Days Inventory declined from Dec. 2022 (22.71) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Civitas Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Civitas Resources Days Inventory Historical Data

The historical data trend for Civitas Resources's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.11

20.73

10.90

3.46

Civitas Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															22.71	-	-	-	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Civitas Resources's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Civitas Resources Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Civitas Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Civitas Resources's Days Inventory falls into.

Civitas Resources Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Civitas Resources's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1808.205	*	365
=	0					/	1808.205	*	365
=	0.00

Civitas Resources's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	428.871	*	365 / 4
=	0					/	428.871	*	365 / 4
=	0.00

Civitas Resources (NYSE:CIVI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Civitas Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	428.871	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Civitas Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1126.776
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Civitas Resources Days Inventory Related Terms

Thank you for viewing the detailed overview of Civitas Resources's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Civitas Resources (Civitas Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (NYSE:CIVI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

B2C:Germany

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

Executives

Jeffrey S Kelly	officer: Chief Transformation Officer	C/O CIVITAS RESOURCES, 555 17TH STREET, SUITE 3700, DENVER CO 80202
Kimmeridge Energy Management Company, Llc	director, 10 percent owner, other: See Remarks	15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014
Travis L Counts	officer: Chief Legal Officer & Sec.	555 17TH STREET, SUITE 3700, DENVER CO 80202
Thomas Hodge Walker	officer: Chief Operating Officer	1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Deborah L Byers	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Van Kempen Wouter T.	director	370 17TH STREET, SUITE 2500, DENVER CO 80202
Canada Pension Plan Investment Board	10 percent owner	ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000
Sandra Garbiso	officer: Vice President and CAO	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
M. Christopher Doyle	officer: President & CEO	555 - 17TH STREET, SUITE 3700, DENVER CO 80022
Brian Cain	officer: Chief Sustainability Officer	410-17TH STREET, SUITE 1400, DENVER CO 80202
Dean Tinsley	officer: SVP, Operations	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Brant Demuth	officer: EVP & Chief Financial Officer	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Paul Keglevic	director	STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Marter Iv Cyrus D	officer: SVP, General Counsel & Secy.	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Morris R Clark	director	CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202