Monarch Casino & Resort Inc (MCRI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 11.67 | 13.92 | 12.93 | 42.67 | 21.62 | |
| DOH | days | 31.28 | 26.21 | 28.24 | 8.55 | 16.88 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.67
= 31.28
The Days of Inventory on Hand (DOH) for Monarch Casino & Resort Inc has fluctuated over the past five years. The trend indicates that the company held inventory for around 16.88 days as of December 31, 2020, which decreased significantly to 8.55 days by December 31, 2021, suggesting a more efficient inventory management during that period.
However, there was a substantial increase in the DOH to 28.24 days by December 31, 2022, followed by a slight decrease to 26.21 days by December 31, 2023. The inventory holding period further increased to 31.28 days as of December 31, 2024.
The overall analysis of the DOH ratio indicates that Monarch Casino & Resort Inc may have experienced some challenges in managing its inventory efficiently over the years, leading to an increase in the number of days inventory is held on hand. This could result in higher carrying costs and potential liquidity issues if not managed effectively. Further examination and strategic inventory management may be warranted to optimize operations and improve the company's financial performance.
Peer comparison
Dec 31, 2024