Range Resources (Range Resources) Days Inventory

: 0.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Range Resources's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Range Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $441 Mil. Hence, Range Resources's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

During the past 13 years, Range Resources's highest Days Inventory was 7.90. The lowest was 3.20. And the median was 4.90.

RRC's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.63
* Ranked among companies with meaningful Days Inventory only.

Range Resources's Days Inventory stayed the same from Dec. 2022 (0.00) 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. Range Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Range Resources Days Inventory Historical Data

The historical data trend for Range 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.

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Range 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																-	-	-	-	-

Competitive Comparison

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

Range Resources Days Inventory Distribution

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

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

Range Resources Days Inventory Calculation

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

Range 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 )	/	1763.075	*	365
=	0					/	1763.075	*	365
=	0.00

Range 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 )	/	441.482	*	365 / 4
=	0					/	441.482	*	365 / 4
=	0.00

Range Resources (NYSE:RRC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	441.482	/	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	650.298
	=	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.

Range Resources Days Inventory Related Terms

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

Range Resources (Range Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (NYSE:RRC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RAX:Germany RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Executives

Dori Ginn	officer: Principal Financial Officer	100 THROCKMORTON SUITE 1200, FORT WORTH TX 76102
Charles G. Griffie	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Reginal Spiller	director	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Greg G Maxwell	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Erin W Mcdowell	officer: SVP & General Counsel	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Mark Scucchi	officer: SVP & CFO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Dennis Degner	officer: SVP & COO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
James M Funk	director	FOUR ALLEGHENY CENTER, 9TH FLOOR, PITTSBURGH PA 15212-5355
Jeffrey L Ventura	officer: President and COO	C/O RANGE RESOURCES CORPORATION, 100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
David P Poole	officer: Sr. VP & General Counsel	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
Steffen E Palko	director
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111