CRK (Comstock Resources) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is Comstock Resources 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. Comstock Resources's Cost of Goods Sold for the three months ended in Dec. 2024 was $358 Mil. Comstock Resources's Average Total Inventories for the quarter that ended in Dec. 2024 was $0 Mil.

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 three months ended in Dec. 2024 was 0.00.

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 quarter that ended in Dec. 2024 was 0.00.

Comstock Resources Inventory Turnover Historical Data

The historical data trend for Comstock Resources'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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Comstock Resources Inventory Turnover Chart

Comstock Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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174.89

186.02

259.07

Comstock Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															6.98	-	-	-	-

Comstock Resources Inventory Turnover Calculation

Comstock Resources's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1383.635	/ (	(0	+	0)	/	1 )
=	1383.635	/	0
=	N/A

Comstock Resources's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	358.247	/ (	(0	+	0)	/	1 )
=	358.247	/	0
=	N/A

Comstock Resources (NYSE:CRK) 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.

Comstock Resources's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0	/	358.247	*	365 / 4
	=	0.00

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 quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0	/	366.506
	=	0.00

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.

Comstock Resources Inventory Turnover Related Terms

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Comstock Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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 natural gas producer operating in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas with superior economics given its geographical proximity to the Gulf Coast natural gas markets. The Company operates in one business segment, the exploration and production of North American natural gas and oil. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana and Texas.

Executives

Elizabeth B Davis	director	5300 TOWN & COUNTRY BLVD., SUITE 500, FRISCO TX 75034
Arkoma Drilling, L.p.	10 percent owner	5950 BERKSHIRE LANE, SUITE 1400, DALLAS TX 75225
Blue Star Exploration Corp	10 percent owner	ONE COWBOYS WAY, FRISCO TX 75034
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
Jordan Tatum Marye	director	700 LOUISIANA STREET, SUITE 3700, HOUSTON TX 77002