Golden Entertainment Inc (GDEN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 291,528 | 577,599 | 617,261 | 583,370 | 407,178 |
| Inventory | US$ in thousands | 8,008 | 8,097 | 8,117 | 6,637 | 5,639 |
| Inventory turnover | 36.40 | 71.33 | 76.05 | 87.90 | 72.21 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $291,528K ÷ $8,008K
= 36.40
The inventory turnover of Golden Entertainment Inc has shown a fluctuating trend over the past five years. The ratio increased from 72.21 in December 2020 to 87.90 in December 2021, indicating an improvement in the efficiency of inventory management. However, in the subsequent years, the inventory turnover ratio decreased to 76.05 in December 2022 and further to 71.33 in December 2023, suggesting a slowdown in inventory turnover.
The most significant decline was observed in December 2024, with the inventory turnover dropping to 36.40, which could potentially indicate challenges in managing and selling inventory efficiently during that period. Overall, fluctuations in the inventory turnover ratio may indicate changes in sales patterns, inventory levels, or inefficiencies in inventory management practices within Golden Entertainment Inc.
Further analysis of the underlying reasons for these fluctuations in inventory turnover could provide insights into the company's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024