Six Flags Entertainment Corporation (FUN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.12 | 26.71 | 3.63 | 3.50 | 0.59 | |
| DOH | days | 25.84 | 13.66 | 100.66 | 104.22 | 619.12 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.12
= 25.84
The Days of Inventory on Hand (DOH) for Six Flags Entertainment Corporation have exhibited a notable decrease over the years, indicating an improvement in their inventory management efficiency. The company had a DOH of 619.12 days as of December 31, 2020, which decreased significantly to 104.22 days by December 31, 2021. This trend continued with the DOH further declining to 100.66 days by December 31, 2022, and then to 13.66 days by December 31, 2023. However, there was a slight increase in the DOH to 25.84 days by December 31, 2024.
The substantial decrease in the DOH from 2020 to 2023 signifies that Six Flags Entertainment Corporation has been able to streamline its inventory management processes, potentially resulting in cost savings and improved cash flow. The slight increase in 2024 could be attributed to various factors such as seasonality or changes in business operations.
Overall, the declining trend in DOH indicates an efficient management of inventory levels by Six Flags Entertainment Corporation, enabling the company to better control costs and optimize its working capital.
Peer comparison
Dec 31, 2024