Golden Entertainment Inc (GDEN)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 357,507 | 349,659 | 343,218 | 334,753 | 336,066 | 340,346 | 337,796 | 335,249 | 328,905 | 248,200 | 250,853 | 257,042 | 257,992 | 337,760 | 341,368 | 343,175 | 347,862 | 333,225 | 317,910 | 297,632 |
| Inventory | US$ in thousands | 8,097 | 7,381 | 7,778 | 7,239 | 8,117 | 6,705 | 7,194 | 7,427 | 6,637 | 5,771 | 5,682 | 5,560 | 5,639 | 6,144 | 6,649 | 7,130 | 8,237 | 7,379 | 8,557 | 7,080 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $357,507K ÷ $8,097K
= 44.15
Golden Entertainment Inc's inventory turnover has fluctuated over the past eight quarters, ranging from a low of 71.33 in Q4 2023 to a high of 91.66 in Q3 2022. The company's inventory turnover indicates how efficiently it is managing its inventory levels.
A higher inventory turnover ratio typically suggests that the company is selling inventory quickly, which is generally positive as it can reduce holding costs and minimize the risk of obsolete inventory. Conversely, a lower turnover ratio may indicate slower sales or excess inventory levels, which could tie up resources and lead to increased holding costs.
Overall, Golden Entertainment Inc's inventory turnover has shown some variability but generally remains at healthy levels, indicating effective management of inventory levels and efficient sales practices.
Peer comparison
Dec 31, 2023
Dec 31, 2023