Six Flags Entertainment Corporation (FUN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 26.71 | 3.63 | 3.50 | 0.59 | 3.84 | |
| DOH | days | 13.66 | 100.66 | 104.22 | 619.12 | 95.11 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 26.71
= 13.66
The days of inventory on hand (DOH) ratio for Six Flags Entertainment Corporation has shown significant fluctuations over the past five years. In 2023, the company held inventory for an average of 13.66 days, a substantial improvement from the previous year where the DOH was 100.66 days. This indicates that the company has become more efficient in managing its inventory levels.
In 2022 and 2021, the DOH was relatively high at 100.66 days and 104.22 days, respectively, suggesting that the company may have had challenges in controlling its inventory levels efficiently during those years.
The year 2020 stood out as an anomaly with a significantly high DOH of 619.12 days. This unusually high number may indicate inefficiencies in inventory management or disruptions in the supply chain that year.
In 2019, the DOH was 95.11 days, which was relatively high compared to the most recent data in 2023.
Overall, the trend in the days of inventory on hand ratio for Six Flags Entertainment Corporation indicates variability in inventory management performance over the past five years, with the most recent data showing a positive shift towards improved efficiency.
Peer comparison
Dec 31, 2023