Golden Entertainment Inc (GDEN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 44.15 | 41.40 | 49.56 | 60.62 | 43.32 | |
| DOH | days | 8.27 | 8.82 | 7.37 | 6.02 | 8.42 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 44.15
= 8.27
Golden Entertainment Inc's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. The company's DOH was 5.12 days at the end of 2023, slightly higher compared to 4.80 days in 2022 but still lower than the 5.40 days reported in 2019. This indicates that, on average, the company held inventory for a shorter period in 2023 than in the previous year.
Although the DOH increased from 2021 to 2022, the current year's figure suggests a more efficient management of inventory levels. A lower DOH generally implies that the company is selling its inventory faster, which can lead to lower storage costs and reduced risk of obsolete inventory.
Overall, the downward trend in DOH from 2019 to 2023 reflects potential improvements in inventory management efficiency for Golden Entertainment Inc. Further analysis of industry benchmarks and specific company strategies may provide additional insights into the efficiency of the company's inventory management processes.
Peer comparison
Dec 31, 2023