Monarch Casino & Resort Inc (MCRI)

Days of inventory on hand (DOH)

		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
Inventory turnover		11.67	14.27	13.49	14.66	13.92	14.19	14.02	14.23	12.93	14.64	11.91	12.79	11.86	13.54	12.81	9.52	8.23	13.36	19.37	25.78
DOH	days	31.28	25.58	27.07	24.90	26.21	25.72	26.03	25.66	28.24	24.94	30.64	28.53	30.77	26.97	28.49	38.35	44.34	27.31	18.84	14.16

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 have shown fluctuations over the period from March 31, 2020, to December 31, 2024. DOH represents the average number of days a company holds onto inventory before it is sold.

The trend in Monarch's DOH reveals variability, starting at 14.16 days on March 31, 2020, and peaking at 44.34 days on December 31, 2020. This sharp increase suggests a significant buildup of inventory, potentially due to changes in demand, supply chain disruptions, or inventory management issues.

Subsequently, the DOH decreased to 28.35 days by March 31, 2021, indicating efforts to reduce excess inventory levels. The trend continued with fluctuations, reaching a low of 24.90 days on March 31, 2024. This downward trajectory suggests improving efficiency in managing inventory levels.

Overall, monitoring Monarch's DOH is crucial for assessing inventory management effectiveness. A high DOH may indicate excess inventory, leading to storage costs and potential obsolescence. Conversely, a low DOH may signal potential stockouts and missed sales opportunities. Therefore, evaluating the reasons behind fluctuations in DOH can provide valuable insights into Monarch's operational efficiency and strategic decision-making.