Coast Entertainment Holdings (Coast Entertainment Holdings) Days Inventory : 75.89 (As of Dec. 2023)

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What is Coast Entertainment Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coast Entertainment Holdings's Average Total Inventories for the six months ended in Dec. 2023 was $2.12 Mil. Coast Entertainment Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $5.11 Mil. Hence, Coast Entertainment Holdings's Days Inventory for the six months ended in Dec. 2023 was 75.89.

The historical rank and industry rank for Coast Entertainment Holdings's Days Inventory or its related term are showing as below:

ARDLF' s Days Inventory Range Over the Past 10 Years
Min: 23.66 Med: 74.46 Max: 224.07
Current: 82.57

During the past 13 years, Coast Entertainment Holdings's highest Days Inventory was 224.07. The lowest was 23.66. And the median was 74.46.

ARDLF's Days Inventory is ranked worse than
65.12% of 668 companies
in the Travel & Leisure industry
Industry Median: 37.005 vs ARDLF: 82.57

Coast Entertainment Holdings's Days Inventory increased from Dec. 2022 (69.89) to Dec. 2023 (75.89). It might indicate that Coast Entertainment Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coast Entertainment Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.40.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Coast Entertainment Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Coast Entertainment Holdings Days Inventory Historical Data

The historical data trend for Coast Entertainment Holdings's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coast Entertainment Holdings Days Inventory Chart

Coast Entertainment Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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60.92

67.44

73.26

239.89

72.02

Coast Entertainment Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															36.87	-	69.89	87.61	75.89

Competitive Comparison of Coast Entertainment Holdings's Days Inventory

For the Leisure subindustry, Coast Entertainment Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coast Entertainment Holdings's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Coast Entertainment Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coast Entertainment Holdings's Days Inventory falls into.

Coast Entertainment Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Coast Entertainment Holdings's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.675	+	1.974)	/	2 )	/	9.247	*	365
=	1.8245					/	9.247	*	365
=	72.02

Coast Entertainment Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.974	+	2.275)	/	2 )	/	5.109	*	365 / 2
=	2.1245					/	5.109	*	365 / 2
=	75.89

Coast Entertainment Holdings (OTCPK:ARDLF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Coast Entertainment Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.109	/	2.1245
	=	2.40

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Coast Entertainment Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1245	/	28.691
	=	0.07

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Coast Entertainment Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Coast Entertainment Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Coast Entertainment Holdings (Coast Entertainment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Coast Entertainment Holdings Ltd (OTCPK:ARDLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MD8:Germany CEH:Australia

Address

83 Mount Street, Suite 601, Level 6, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.coastentertainment.com.au

Ardent Leisure is an owner and operator of leisure assets. Its theme park businesses are situated in Australia, including Dreamworld and WhiteWater World on the Gold Coast. The sale of Main Event in the U.S., completed in June 2022, was executed at a good price, and the proceeds led to a healthy distribution to shareholders. It leaves the group with just the theme parks unit.

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