Golden Entertainment Inc (GDEN)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 666,818 | 733,305 | 829,798 | 949,145 | 1,053,149 | 1,102,168 | 1,123,435 | 1,126,126 | 1,121,719 | 1,123,967 | 1,127,396 | 1,130,491 | 1,096,543 | 1,020,213 | 943,187 | 726,694 | 694,155 | 730,661 | 768,579 | 940,675 |
| Total current assets | US$ in thousands | 103,792 | 105,492 | 130,114 | 449,767 | 409,442 | 507,635 | 449,983 | 455,666 | 244,573 | 266,014 | 228,127 | 257,673 | 263,938 | 269,188 | 263,695 | 190,006 | 140,731 | 143,693 | 127,244 | 346,535 |
| Total current liabilities | US$ in thousands | 100,987 | 94,752 | 169,322 | 190,219 | 174,376 | 204,491 | 149,623 | 161,896 | 132,702 | 139,084 | 119,364 | 134,705 | 126,966 | 139,803 | 132,947 | 141,866 | 118,713 | 131,740 | 128,424 | 132,370 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $666,818K ÷ ($103,792K – $100,987K)
= 237.72
Golden Entertainment Inc's working capital turnover has fluctuated significantly over the reported periods. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
Initially, in March 2020, the working capital turnover was reported at 4.39, indicating that the company was able to generate 4.39 times in sales for every dollar of working capital invested. However, in June 2020, the data is missing (denoted by "\u2014"), making it challenging to analyze the trend during that period.
The ratio experienced a sharp increase in September 2020, reaching 61.13, which suggests a substantial improvement in the company's working capital management efficiency. This high value may indicate a more aggressive management of working capital to support increased sales.
Subsequently, the ratio declined in the following quarters but remained relatively high, ranging between 7.21 to 15.10 until March 2021. This indicates that the company may have experienced challenges in maintaining the efficiency of its working capital turnover during this period.
From March 2021 to September 2024, the working capital turnover ratio fluctuated within a narrower range, indicating somewhat more stable working capital management. Notably, in September 2024, the ratio spiked to 237.72, reflecting an exceptionally high turnover of working capital, potentially indicating effective management strategies or a large increase in sales relative to working capital.
The ratio dipped to 3.66 in March 2024 and was unavailable in June 2024, which could indicate potential challenges or fluctuations in the company's working capital efficiency during those periods.
Overall, the trend in Golden Entertainment Inc's working capital turnover ratio demonstrates varying levels of efficiency in utilizing working capital to generate sales, with periods of both improvement and potential challenge. It would be essential for stakeholders to further investigate the factors driving these fluctuations to assess the company's overall financial performance and working capital management strategies.
Peer comparison
Dec 31, 2024