Monarch Casino & Resort Inc (MCRI)

Inventory turnover

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
Cost of revenue (ttm) US$ in thousands 108,486 109,306 109,220 107,977 106,019 101,933 100,493 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
Inventory US$ in thousands 9,296 7,659 8,099 7,366 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
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $108,486K ÷ $9,296K
= 11.67

The inventory turnover for Monarch Casino & Resort Inc has fluctuated over the past few years. In March 2020, the company had a high inventory turnover of 25.78, indicating that they were able to sell and replace their inventory multiple times during that period. However, by December 2020, the inventory turnover had decreased to 8.23, suggesting a slowdown in sales relative to their inventory holdings.

Throughout 2021 and 2022, the inventory turnover improved slightly, with values ranging between 9.52 and 14.64. This indicates a better balance between the amount of inventory held by the company and its sales volume during those periods.

By December 2024, the inventory turnover had decreased to 11.67. While this is higher than the low point in December 2020, it is still below the levels seen in earlier years. This may indicate that the company is holding onto inventory for longer periods or experiencing challenges in selling their products efficiently.

Overall, the trend in Monarch Casino & Resort Inc's inventory turnover suggests some variability in their ability to efficiently manage their inventory levels in relation to their sales. Monitoring this ratio over time can provide insights into the company's operational efficiency and inventory management strategies.