Coterra Energy (BSP:C1OG34) Inventory Turnover : 15.17 (As of Mar. 2024)

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What is Coterra Energy Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Coterra Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was R$4,158 Mil. Coterra Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was R$274 Mil. Coterra Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coterra Energy's Days Inventory for the three months ended in Mar. 2024 was 6.01.

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. Coterra Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Coterra Energy Inventory Turnover Historical Data

The historical data trend for Coterra Energy's Inventory Turnover 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.

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Coterra Energy Inventory Turnover Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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86.68

79.26

57.44

58.07

50.27

Coterra Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															12.32	12.49	12.36	14.10	15.17

Coterra Energy Inventory Turnover Calculation

Coterra Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	15571.564	/ (	(330.46	+	289.088)	/	2 )
=	15571.564	/	309.774
=	50.27

Coterra Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	4158.133	/ (	(289.088	+	258.95)	/	2 )
=	4158.133	/	274.019
=	15.17

Coterra Energy (BSP:C1OG34) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Coterra Energy's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	274.019	/	4158.133	*	365 / 4
	=	6.01

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.

Coterra Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	274.019	/	7136.053
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Coterra Energy Inventory Turnover Related Terms

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Coterra Energy (BSP:C1OG34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (BSP:C1OG34) » Definitions » Inventory Turnover

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Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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