Golden Entertainment Inc (GDEN)
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 | 40.09 | 52.71 | 67.23 | 72.86 | 74.66 | 82.73 | 79.93 | 86.12 | 76.05 | 91.66 | 84.91 | 81.25 | 87.90 | 95.43 | 89.57 | 73.70 | 72.21 | 69.49 | 68.96 | 77.02 | |
| DOH | days | 9.11 | 6.93 | 5.43 | 5.01 | 4.89 | 4.41 | 4.57 | 4.24 | 4.80 | 3.98 | 4.30 | 4.49 | 4.15 | 3.82 | 4.08 | 4.95 | 5.05 | 5.25 | 5.29 | 4.74 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 40.09
= 9.11
The days of inventory on hand (DOH) for Golden Entertainment Inc have fluctuated over the period from March 31, 2020, to December 31, 2024. The company's DOH decreased from 4.74 days on March 31, 2020, to a low of 3.82 days on September 30, 2021, indicating an improvement in inventory management efficiency.
However, there was a slight increase in DOH to 6.93 days on September 30, 2024, followed by a significant jump to 9.11 days on December 31, 2024. This increase suggests a possible buildup of inventory or challenges in managing and selling the existing inventory efficiently during that period.
Overall, monitoring DOH is crucial for Golden Entertainment Inc to ensure optimal inventory levels and avoid potential issues such as excess inventory holding costs or stockouts. The company may need to assess its inventory management practices and supply chain processes to maintain a balance between having enough inventory to meet customer demand and controlling inventory carrying costs.
Peer comparison
Dec 31, 2024