Golden Entertainment Inc (GDEN)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 36.40 | 71.33 | 76.05 | 87.90 | 72.21 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 237.72 | 4.48 | 10.03 | 8.01 | 31.53 |
The analysis of Golden Entertainment Inc's activity ratios reveals the following:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company manages its inventory. Golden Entertainment Inc's inventory turnover has been fluctuating over the years, with a peak of 87.90 in 2021 and a dip to 36.40 in 2024. A higher ratio indicates that the company is selling its inventory quickly.
2. Receivables Turnover:
- The receivables turnover ratio shows how efficiently the company collects payments from its customers. However, the data provided shows "—" for all years, indicating that specific information about this ratio is not available.
3. Payables Turnover:
- The payables turnover ratio assesses how well the company manages its payments to suppliers. Similarly, the data provided shows "—" for all years, suggesting that details on this ratio are not provided.
4. Working Capital Turnover:
- The working capital turnover ratio reflects how effectively the company utilizes its working capital to generate sales. Golden Entertainment Inc's working capital turnover has shown significant variations, increasing from 8.01 in 2021 to a substantial 237.72 in 2024. A higher ratio indicates a more efficient use of working capital to generate revenue.
Overall, based on the available data, Golden Entertainment Inc seems to have fluctuations in its inventory turnover and working capital turnover ratios, highlighting changes in the efficiency of managing inventory and working capital over the years. Details on receivables turnover and payables turnover are not provided, limiting a comprehensive assessment of the company's overall activity ratios.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 10.03 | 5.12 | 4.80 | 4.15 | 5.05 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Golden Entertainment Inc's Days of Inventory on Hand (DOH) improved from 5.05 days at the end of 2020 to 4.15 days at the end of 2021, indicating a more efficient management of inventory. However, the DOH increased to 4.80 days at the end of 2022 and further to 5.12 days at the end of 2023, which might suggest a slower inventory turnover. By the end of 2024, the DOH significantly increased to 10.03 days, signaling a potential buildup of excess inventory that may require attention.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are missing, which limits the analysis of the company's accounts receivable collection and accounts payable management efficiency.
Overall, Golden Entertainment Inc should monitor its inventory levels closely to ensure optimal turnover and minimize carrying costs. Tracking accounts receivable and payable turnover ratios could provide further insights into the effectiveness of managing working capital and cash flow.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 1.13 | 1.21 | 0.71 |
| Total asset turnover | 0.62 | 0.73 | 0.74 | 0.68 | 0.44 |
The fixed asset turnover ratio indicates how efficiently a company utilizes its fixed assets to generate sales. Looking at the data provided for Golden Entertainment Inc, we observe an improvement in the fixed asset turnover ratio from 0.71 in 2020 to 1.13 in 2022, suggesting a better utilization of its fixed assets to generate revenue. However, there was a slight decline to 1.21 in 2021.
On the other hand, the total asset turnover ratio measures how effectively a company uses its total assets to generate sales. Golden Entertainment Inc's total asset turnover ratio has shown a fluctuating trend over the years, with an increase from 0.44 in 2020 to 0.74 in 2022 before decreasing to 0.62 in 2024.
Overall, the company's fixed asset turnover has improved consistently over the years, indicating better efficiency in generating sales from its fixed assets, while the total asset turnover has shown some fluctuation but remains at levels indicating efficient utilization of total assets to generate revenue.