Golden Entertainment Inc (GDEN)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 321,008 | 398,929 | 472,734 | 530,202 | 604,550 | 610,597 | 621,690 | 623,408 | 617,261 | 614,574 | 610,810 | 603,429 | 583,370 | 550,722 | 508,912 | 409,747 | 407,178 | 426,925 | 458,495 | 549,170 |
| Inventory | US$ in thousands | 8,008 | 7,569 | 7,032 | 7,277 | 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 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $321,008K ÷ $8,008K
= 40.09
Golden Entertainment Inc's inventory turnover has shown fluctuations over the period analyzed. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating the number of times the inventory is sold and replaced within a specific time frame.
From March 31, 2020, to June 30, 2021, there was a general increasing trend in the inventory turnover ratio, indicating that the company was selling and replacing its inventory at a faster pace. The highest inventory turnover ratio was observed on September 30, 2021, at 95.43, suggesting the company had a high level of inventory movement during that period.
Subsequently, the inventory turnover ratio started to decline, reaching its lowest point on December 31, 2024, at 40.09. This significant decrease in the ratio could imply that the company may have been facing challenges in efficiently managing its inventory during that period.
Overall, it is essential for Golden Entertainment Inc to closely monitor its inventory turnover ratio to ensure optimal inventory management and maintain operational efficiency in the future.
Peer comparison
Dec 31, 2024
Dec 31, 2024