Golden Entertainment Inc (GDEN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Total current assets | US$ in thousands | 103,792 | 409,442 | 244,573 | 263,938 | 140,731 |
| Total current liabilities | US$ in thousands | 100,987 | 174,376 | 132,702 | 126,966 | 118,713 |
| Working capital turnover | 237.72 | 4.48 | 10.03 | 8.01 | 31.53 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $666,818K ÷ ($103,792K – $100,987K)
= 237.72
Golden Entertainment Inc's working capital turnover has shown significant fluctuations over the past five years. The ratio decreased from 31.53 in December 2020 to 8.01 in December 2021, indicating a substantial decline in the efficiency of the company's working capital management.
However, there was a slight improvement in the following year, with the ratio rising to 10.03 in December 2022. Nonetheless, in December 2023, the ratio dropped sharply to 4.48, suggesting a potential weakness in effectively utilizing the company's working capital resources.
The most striking observation is the substantial surge in working capital turnover to 237.72 in December 2024. This considerable increase may be indicative of enhanced efficiency in utilizing working capital to generate revenue.
Overall, the fluctuating trend in Golden Entertainment Inc's working capital turnover ratios indicates varying levels of effectiveness in managing its working capital over the past five years. The company should carefully monitor and analyze these fluctuations to optimize its working capital management strategies for long-term sustainability and profitability.
Peer comparison
Dec 31, 2024