Six Flags Entertainment Corporation (FUN)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 13.59 | 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 | 3.84 | 3.33 | |
| DOH | days | 26.87 | 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 | 95.11 | 109.52 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.59
= 26.87
The days of inventory on hand (DOH) for Six Flags Entertainment Corporation have shown significant fluctuations over the past few quarters.
The DOH ranged from as low as 21.59 days on Sep 30, 2020, to as high as 732.75 days on Mar 31, 2021, reflecting a wide variability in the company's inventory management efficiency during this period.
There is a concerning trend of increasing DOH figures from Dec 31, 2020, to Mar 31, 2021, reaching its peak at an exceptionally high 732.75 days, indicating that Six Flags may have been carrying excess inventory during that time.
However, the company improved its inventory management significantly in the following quarters, with the DOH decreasing to more reasonable levels by Mar 31, 2022.
From Mar 31, 2022, to Mar 31, 2023, the DOH figures remained relatively stable in the range of 100 to 150 days, suggesting that Six Flags may have implemented better inventory control measures during this period.
Overall, Six Flags Entertainment Corporation's DOH has shown variability and periods of both inefficiency and improvement in inventory management practices throughout the analyzed quarters.
Peer comparison
Jun 30, 2024