Golden Entertainment Inc (GDEN)
Cash conversion cycle
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 9.11 + — – —
= 9.11
The cash conversion cycle of Golden Entertainment Inc has shown fluctuations over the periods provided. The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From March 31, 2020, to September 30, 2021, the company managed to consistently reduce its cash conversion cycle days, indicating an improvement in efficiency in managing its cash flow operations. The lowest point observed was on September 30, 2021, with 3.82 days.
However, in the following quarters up to December 31, 2024, the cash conversion cycle increased significantly, reaching a peak of 9.11 days on December 31, 2024. This increase suggests that the company may have faced challenges in converting its investments back into cash efficiently during these periods.
Overall, Golden Entertainment Inc should aim to monitor and manage its cash conversion cycle effectively to ensure the efficient use of its resources and maintain a healthy financial position.
Peer comparison
Dec 31, 2024