Monarch Casino & Resort Inc (MCRI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 108,486 | 106,019 | 97,702 | 305,500 | 169,142 |
| Inventory | US$ in thousands | 9,296 | 7,614 | 7,558 | 7,159 | 7,823 |
| Inventory turnover | 11.67 | 13.92 | 12.93 | 42.67 | 21.62 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $108,486K ÷ $9,296K
= 11.67
Monarch Casino & Resort Inc's inventory turnover has exhibited fluctuations over the years. The ratio increased significantly from 21.62 in December 31, 2020, to 42.67 in December 31, 2021, indicating a more efficient management of inventory during that period. However, in the subsequent years, the inventory turnover decreased, reaching 12.93 in December 31, 2022, 13.92 in December 31, 2023, and 11.67 in December 31, 2024. These declines suggest a slower rate of inventory turnover, potentially signaling issues such as excess inventory or slowing sales. Further analysis is recommended to determine the underlying reasons for these changes and assess their impact on the company's operations and financial performance.
Peer comparison
Dec 31, 2024