Golden Entertainment Inc (GDEN)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 44.15 | 47.37 | 44.13 | 46.24 | 41.40 | 50.76 | 46.96 | 45.14 | 49.56 | 43.01 | 44.15 | 46.23 | 45.75 | 54.97 | 51.34 | 48.13 | 42.23 | 45.16 | 37.15 | 42.04 | |
| DOH | days | 8.27 | 7.70 | 8.27 | 7.89 | 8.82 | 7.19 | 7.77 | 8.09 | 7.37 | 8.49 | 8.27 | 7.90 | 7.98 | 6.64 | 7.11 | 7.58 | 8.64 | 8.08 | 9.82 | 8.68 |
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 some fluctuations over the past eight quarters. In Q4 2023, the company's DOH increased to 5.12 days from 4.41 days in the previous quarter, indicating a longer period of time required to sell its inventory.
Comparing to the same quarter a year ago, Q4 2022 had a slightly lower DOH of 4.80 days. This suggests that in the most recent quarter, Golden Entertainment Inc may have experienced challenges in managing its inventory turnover efficiently.
Overall, while the company has seen some variability in its DOH over the past two years, the recent increase in Q4 2023 may raise concerns about potential inefficiencies in inventory management and liquidity. Further analysis of the company's inventory turnover ratio and industry benchmarks would provide additional insights into its inventory management effectiveness.
Peer comparison
Dec 31, 2023