Six Flags Entertainment Corporation (FUN)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 835,231 | 532,525 | 379,045 | 160,273 | 163,273 | 163,803 | 164,246 | 160,086 | 146,516 | 120,984 | 112,466 | 93,401 | 45,537 | 23,912 | 27,991 | 40,360 | 87,197 | 125,000 | 126,264 | 125,753 |
| Inventory | US$ in thousands | 61,480 | 55,875 | 44,097 | 54,932 | 65,852 | 56,790 | 45,297 | 49,669 | 56,608 | 39,269 | 32,113 | 36,861 | 46,983 | 48,004 | 47,479 | 50,733 | 45,580 | 7,394 | 32,902 | 37,734 |
| 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 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $835,231K ÷ $61,480K
= 13.59
The inventory turnover ratio for Six Flags Entertainment Corporation has shown fluctuations over the past few quarters. The ratio indicates how many times the company's inventory is sold and replaced over a specific period.
In the most recent quarter, as of June 30, 2024, the inventory turnover ratio was 13.59, which suggests that the company was more efficient in managing its inventory compared to previous quarters. This improvement could indicate better inventory management practices or increased demand for Six Flags' products.
Looking back over the year, the inventory turnover ratio has varied significantly, ranging from 0.50 to 16.91. The lower ratios in some quarters, such as in the first quarter of 2021 and the third quarter of 2020, may indicate slower inventory turnover and potential issues with excess or obsolete inventory.
On the other hand, the high inventory turnover ratio in the fourth quarter of 2019 could suggest strong demand for Six Flags' products during that period. It's important for the company to strike a balance in inventory management to avoid stockouts while minimizing carrying costs and obsolescence risk.
Overall, an increasing trend in inventory turnover ratios is generally favorable, indicating efficient inventory management and potentially higher sales. It would be beneficial for Six Flags Entertainment Corporation to closely monitor its inventory turnover ratios and make adjustments to optimize its inventory levels and meet customer demand effectively.
Peer comparison
Jun 30, 2024
Jun 30, 2024