Golden Entertainment Inc (GDEN)
Activity ratios
Short-term
Turnover ratios
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 237.72 | 68.28 | — | 3.66 | 4.48 | 3.64 | 3.74 | 3.83 | 10.03 | 8.86 | 10.37 | 9.19 | 8.01 | 7.89 | 7.21 | 15.10 | 31.53 | 61.13 | — | 4.39 |
Golden Entertainment Inc's Inventory turnover ratio has fluctuated over the past few years, indicating the number of times the company has sold and replaced its inventory during a specific period. The ratio has generally been high, peaking at 95.43 in September 2021, suggesting efficient management in converting inventory into sales.
The Receivables turnover ratio, which measures how efficiently a company is collecting payments from customers, is not provided for the periods analyzed. Without this information, it is difficult to assess the company's effectiveness in managing receivables.
Similarly, the Payables turnover ratio, which indicates how quickly a company is paying its suppliers, is not available for the periods considered. This missing data impedes an evaluation of the company's payment practices and liquidity management.
The Working capital turnover ratio shows how well the company utilizes its working capital to generate sales. The ratio varied significantly during the period, reaching its highest level at the end of December 2024, indicating a considerable increase in sales relative to working capital. However, some periods have missing data, making it challenging to assess the trend consistently.
In conclusion, while inventory turnover provides insight into Golden Entertainment Inc's inventory management efficiency, the lack of data for receivables turnover and payables turnover hinders a comprehensive analysis of the company's overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (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 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Golden Entertainment Inc's activity ratios:
1. Days of Inventory on Hand (DOH):
- The days of inventory on hand for Golden Entertainment Inc have shown fluctuations over the periods analyzed.
- The company had a decrease in DOH from September 2022 to September 2023, indicating efficient inventory management.
- However, there was a notable increase in DOH from September 2024 to December 2024, suggesting potential issues with inventory turnover or stocking levels.
2. Days of Sales Outstanding (DSO):
- The data does not provide information on the days of sales outstanding for Golden Entertainment Inc.
- Without DSO figures, it is challenging to assess the efficiency of the company in collecting revenue from its sales within a specific timeframe.
3. Number of Days of Payables:
- The data also lacks details on the number of days of payables for the company.
- Without this information, it is difficult to analyze how long it takes Golden Entertainment Inc to pay its suppliers or vendors, impacting its working capital management.
In conclusion, while the inventory turnover efficiency of Golden Entertainment Inc fluctuated during the periods reviewed, the absence of DSO and days of payables data limits a comprehensive evaluation of the company's overall activity ratios and working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 1.38 | 1.39 | 1.13 | 1.34 | 1.29 | 1.27 | 1.21 | 1.11 | 0.83 | 0.76 | 0.71 | 0.73 | 0.75 | 0.90 |
| Total asset turnover | 0.62 | 0.67 | 0.70 | 0.63 | 0.70 | 0.71 | 0.75 | 0.75 | 0.74 | 0.73 | 0.73 | 0.70 | 0.68 | 0.62 | 0.57 | 0.45 | 0.44 | 0.45 | 0.47 | 0.49 |
Golden Entertainment Inc has shown improvements in its fixed asset turnover ratio over the years, indicating that the company is generating more revenue per dollar invested in fixed assets. The ratio increased steadily from 0.90 in March 2020 to 1.39 in March 2023, demonstrating efficiency in utilizing its fixed assets.
In terms of total asset turnover, the company experienced fluctuations but generally maintained a stable performance. The ratio fluctuated between 0.44 and 0.75 from December 2020 to June 2023, showcasing the company's ability to generate sales relative to its total assets.
Overall, Golden Entertainment Inc's long-term activity ratios suggest that the company has been effective in maximizing the utilization of its assets to generate revenue, which is a positive indicator of operational efficiency and profitability.