Six Flags Entertainment Corporation (FUN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 15.84 | 12.50 | 11.18 | 9.53 | 8.60 | 2.92 | 2.48 | 2.88 | 3.63 | 3.22 | 2.59 | 3.08 | 3.50 | 2.53 | 0.97 | 0.50 | 0.59 | 0.80 | 1.91 | 16.91 | |
| DOH | days | 23.05 | 29.19 | 32.66 | 38.30 | 42.46 | 125.10 | 147.21 | 126.54 | 100.66 | 113.25 | 141.02 | 118.47 | 104.22 | 144.05 | 376.59 | 732.75 | 619.12 | 458.81 | 190.79 | 21.59 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.84
= 23.05
The days of inventory on hand (DOH) for Six Flags Entertainment Corporation fluctuated significantly over the period from March 31, 2020, to December 31, 2024. The DOH provides insight into how many days, on average, the company holds onto its inventory before selling it.
The trend in DOH for Six Flags Entertainment Corporation shows that there were prolonged periods of high inventory holding in 2020 and early 2021, with peaks reaching as high as 732.75 days on March 31, 2021. This may indicate potential inefficiencies in inventory management or changes in demand patterns.
However, starting from June 30, 2021, there was a notable decline in the DOH, which suggests improvements in inventory turnover efficiency. By December 31, 2024, the DOH had decreased significantly to 23.05 days, reflecting a more streamlined inventory management approach at the company.
Overall, the decreasing trend in DOH from 2021 to 2024 indicates that Six Flags Entertainment Corporation has been able to reduce the amount of time it takes to convert inventory into sales, which can lead to lower holding costs and improved cash flow.
Peer comparison
Dec 31, 2024