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Matador Resources Co (Matador Resources Co) Days Inventory

: 8.02 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Matador Resources Co's Average Total Inventories for the three months ended in Dec. 2023 was $39 Mil. Matador Resources Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $440 Mil. Hence, Matador Resources Co's Days Inventory for the three months ended in Dec. 2023 was 8.02.

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

MTDR' s Days Inventory Range Over the Past 10 Years
Min: 1.66   Med: 5.31   Max: 9.24
Current: 7.06

During the past 13 years, Matador Resources Co's highest Days Inventory was 9.24. The lowest was 1.66. And the median was 5.31.

MTDR's Days Inventory is ranked better than
85.19% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs MTDR: 7.06

Matador Resources Co's Days Inventory increased from Dec. 2022 (4.49) to Dec. 2023 (8.02). It might indicate that Matador Resources Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Matador Resources Co's Inventory Turnover for the three months ended in Dec. 2023 was 11.38.

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. Matador Resources Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.


Matador Resources Co Days Inventory Historical Data

The historical data trend for Matador Resources Co'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.

Matador Resources Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.75 6.14 5.39 4.23 7.01

Matador Resources Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.49 5.62 6.48 7.58 8.02

Competitive Comparison

For the Oil & Gas E&P subindustry, Matador Resources Co'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.


Matador Resources Co Days Inventory Distribution

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

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



Matador Resources Co Days Inventory Calculation

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

Matador Resources Co'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
=( (15.184 + 41.808) / 2 ) / 1483.147*365
=28.496 / 1483.147*365
=7.01

Matador Resources Co'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
=( (35.468 + 41.808) / 2 ) / 439.793*365 / 4
=38.638 / 439.793*365 / 4
=8.02

* 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.


Matador Resources Co  (NYSE:MTDR) 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.

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

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.

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

* 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.


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.


Matador Resources Co Days Inventory Related Terms

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


Matador Resources Co (Matador Resources Co) Business Description

Traded in Other Exchanges
Address
5400 LBJ Freeway, Suite 1500, One Lincoln Centre, Dallas, TX, USA, 75240
Matador Resources Co is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The majority of the company's assets are located in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Along with maintaining a portfolio of oil and natural gas properties, Matador works to identify and develop midstream opportunities that support and enhance its exploration and development business. The company often uses advanced formation evaluation, 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance the development of the basins in which it operates.
Executives
Shelley F Appel director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Robert T Macalik officer: VP, Chief Accounting Officer 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Timothy E. Parker director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Robert Gaines Baty director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Joseph Wm Foran director, officer: Chairman, CEO and President 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
William M Byerley director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Monika U Ehrman director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Billy E Goodwin officer: SVP - Operations 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
William Thomas Elsener officer: EVP, Reservoir Engineering 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Reynald Baribault director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Michael D Frenzel officer: SVP, Treasurer (PFO) 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Brian J Willey officer: SVP, President of Midstream 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Craig N Adams officer: VP and General Counsel 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
James M Howard director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240
Craig T Burkert director 5400 LBJ FREEWAY, SUITE 1500, DALLAS TX 75240