Comstock Resources (Comstock Resources) Days Inventory : 13.08 (As of Dec. 2023)

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What is Comstock Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Comstock Resources's Average Total Inventories for the three months ended in Dec. 2023 was $51 Mil. Comstock Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $354 Mil. Hence, Comstock Resources's Days Inventory for the three months ended in Dec. 2023 was 13.08.

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

CRK' s Days Inventory Range Over the Past 10 Years
Min: 1.06 Med: 2.09 Max: 11.3
Current: 11.3

During the past 13 years, Comstock Resources's highest Days Inventory was 11.30. The lowest was 1.06. And the median was 2.09.

CRK's Days Inventory is ranked better than
76.85% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs CRK: 11.30

Comstock Resources's Days Inventory increased from Dec. 2022 (7.75) to Dec. 2023 (13.08). It might indicate that Comstock Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comstock Resources's Inventory Turnover for the three months ended in Dec. 2023 was 6.98.

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. Comstock Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

Comstock Resources Days Inventory Historical Data

The historical data trend for Comstock 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.

Comstock Resources Days Inventory Chart

Comstock Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2.13

2.09

1.96

5.60

9.78

Comstock 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															7.75	10.35	13.15	13.61	13.08

Competitive Comparison of Comstock Resources's Days Inventory

For the Oil & Gas E&P subindustry, Comstock 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.

Comstock Resources's Days Inventory Distribution in the Oil & Gas Industry

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

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

Comstock Resources Days Inventory Calculation

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

Comstock 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
=	( (34.819	+	0)	/	1 )	/	1298.87	*	365
=	34.819					/	1298.87	*	365
=	9.78

Comstock 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
=	( (50.708	+	0)	/	1 )	/	353.806	*	365 / 4
=	50.708					/	353.806	*	365 / 4
=	13.08

Comstock Resources (NYSE:CRK) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	353.806	/	50.708
	=	6.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	50.708	/	410.583
	=	0.12

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.

Comstock Resources Days Inventory Related Terms

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

Comstock Resources (Comstock Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CX91:Germany CX91:Germany

Address

5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034

Website

https://www.comstockresources.com

Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana, Texas and North Dakota.

Executives

Roland O Burns	director, officer: Sr. VP & CFO	5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian Christopher Claunch	officer: VP of Financial Reporting	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Patrick Mcgough	officer: Vice President of Operations	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Jim L Turner	director	DEAN FOODS COMPANY, 2711 N. HASKELL AVE., SUITE 3400, DALLAS TX 75204
Morris E Foster	director	C/O EXXON MOBIL CORP, 5959 LAS COLINAS BLVD., IRVING TX 75039-2298
Newell Clifford Doyle Iii	officer: VP of Corporate Development	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
M Jay Allison	director, officer: Chairman & CEO	5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Kanaman Lori Ann Arendt	officer: VP of Marketing	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Stuart D Porter	director, 10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Russell W Romoser	officer: VP of Reservoir Engineering	5300 TOWN AND COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Ronald Eugene Mills	officer: VP of Finance. and IR	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
John David Jacobi	director	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
David John Terry	officer: Sr. VP of Corporate Dev.	5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034
Covey Park Holdings Llc	director, 10 percent owner	8401 N. CENTRAL EXPRESSWAY, SUITE 700, DALLAS TX 75225
Jordan Tatum Marye	director	700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002