Golden Entertainment Inc (GDEN)
Cash conversion cycle
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 8.27 | 7.70 | 8.27 | 7.89 | 8.82 | 7.19 | 7.77 | 8.09 | 7.37 | 8.49 | 8.27 | 7.90 | 7.98 | 6.64 | 7.11 | 7.58 | 8.64 | 8.08 | 9.82 | 8.68 |
| Days of sales outstanding (DSO) | days | 4.58 | 4.35 | 4.12 | 4.92 | 6.71 | 6.85 | 6.05 | 6.67 | 6.27 | 7.48 | 31.38 | 7.64 | 7.27 | 6.66 | 6.55 | 4.65 | 6.11 | 5.42 | 6.18 | 6.72 |
| Number of days of payables | days | 19.09 | 23.17 | 19.70 | 19.32 | 27.33 | 20.20 | 22.08 | 26.00 | 21.20 | 24.57 | 23.61 | 29.67 | 28.55 | 28.90 | 42.70 | 31.84 | 31.63 | 31.45 | 35.11 | 29.66 |
| Cash conversion cycle | days | -6.25 | -11.12 | -7.31 | -6.51 | -11.81 | -6.16 | -8.26 | -11.24 | -7.56 | -8.61 | 16.03 | -14.14 | -13.30 | -15.60 | -29.04 | -19.61 | -16.88 | -17.94 | -19.11 | -14.26 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 8.27 + 4.58 – 19.09
= -6.25
The cash conversion cycle of Golden Entertainment Inc has exhibited variability over the past eight quarters. In Q3 2023, the company experienced a significant negative cash conversion cycle of -40.83 days, indicating that it took less time to convert its investments in inventory and other resources into cash. This was followed by a smaller negative cycle of -0.83 days in Q4 2023, suggesting continued efficiency in managing its working capital.
Overall, Golden Entertainment Inc has generally maintained a negative cash conversion cycle in recent quarters, indicating a quick turnover of cash and efficient management of its operating cycle. However, it is important to monitor trends in the cash conversion cycle over time to ensure continued effectiveness in working capital management.
Peer comparison
Dec 31, 2023