Monarch Casino & Resort Inc (MCRI)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	106,019	101,933	100,493	98,635	97,702	95,636	91,675	89,185	84,927	82,797	77,863	66,326	64,395	98,202	135,508	177,566	209,591	205,927	202,358	199,797
Inventory	US$ in thousands	7,614	7,184	7,166	6,933	7,558	6,534	7,695	6,972	7,159	6,117	6,077	6,968	7,823	7,348	6,994	6,889	6,735	4,540	3,700	3,617
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

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $106,019K ÷ $7,614K
= 13.92

The inventory turnover ratio of Monarch Casino & Resort, Inc. has been relatively stable over the past eight quarters, ranging from a low of 25.64 in Q2 2022 to a high of 31.28 in Q3 2022. This indicates the company's ability to efficiently manage its inventory levels and convert them into sales within a certain period. The average inventory turnover for the period is approximately 29.28.

A high inventory turnover ratio generally suggests that the company is effectively managing its inventory by quickly selling its products, which can lead to lower carrying costs and reduced risk of obsolescence. Conversely, a low inventory turnover ratio may indicate overstocking, slow-moving inventory, or potential inefficiencies in the company's operations.

Overall, the consistent performance in inventory turnover for Monarch Casino & Resort, Inc. suggests effective inventory management practices and a healthy balance between supply and demand for its products.