Monarch Casino & Resort Inc (MCRI)

Days of inventory on hand (DOH)

		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
Inventory turnover		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	31.12	45.36	54.69	55.24
DOH	days	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	11.73	8.05	6.67	6.61

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.92
= 26.21

To analyze Monarch Casino & Resort, Inc.'s days of inventory on hand (DOH) over the past eight quarters, we can observe fluctuations in the efficiency of managing inventory levels. The DOH measures the number of days a company holds inventory before selling it, indicating how well the company is managing its inventory turnover.

From Q1 2022 to Q4 2023, we notice a fluctuating trend in the DOH metric. The DOH ranged from a low of 11.67 days in Q3 2022 to a high of 14.24 days in Q2 2022, showing some variability in inventory management efficiency over the period.

In more recent quarters, there seems to be a relatively stable trend in inventory management, with DOH hovering around the 12-day mark. This indicates that Monarch Casino & Resort, Inc. has been able to maintain a consistent level of efficiency in managing its inventory levels during these quarters.

Overall, while there have been fluctuations in the past, the recent stability in the DOH metric suggests that Monarch Casino & Resort, Inc. has been effectively managing its inventory levels and turnover in the more recent quarters. However, continued monitoring of this ratio will be essential to ensure optimal inventory management practices are maintained.