Days Inventory is also known as Days Sales of Inventory (DSI). Canterbury Park Holding's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.27 Mil. Canterbury Park Holding's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2.52 Mil.
Hence, Canterbury Park Holding's Days Inventory for the
three
months ended in Dec. 2023 was 9.67.
The historical rank and industry rank for Canterbury Park Holding's Days Inventory or its related term are showing as below:
CPHC'
s Days Inventory Range Over the Past 10 Years
Min: 6.7 Med: 7.3 Max: 14.6
Current: 8.49
During the past 13 years, Canterbury Park Holding's highest Days Inventory was 14.60. The lowest was 6.70. And the median was 7.30.
CPHC's Days Inventory is ranked better than 72.71% of 667
companies
in the Travel & Leisure industry
Industry Median: 36.02
vs CPHC: 8.49
Canterbury Park Holding's Days Inventory
declined
from Dec. 2022 (9.85) to Dec. 2023 (9.67).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Canterbury Park Holding's Inventory Turnover for the
three
months ended in Dec. 2023 was 9.44.
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.
Canterbury Park Holding's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.02.
Canterbury Park Holding Days Inventory Historical Data
The historical data trend for Canterbury Park Holding'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.
For the Gambling subindustry, Canterbury Park Holding'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.
Canterbury Park Holding Days Inventory Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Canterbury Park Holding's Days Inventory distribution charts can be found below:
* The bar in red indicates where Canterbury Park Holding's Days Inventory falls into.
Canterbury Park Holding Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Canterbury Park Holding's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Canterbury Park Holding (NAS:CPHC) 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.
Canterbury Park Holding's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Canterbury Park Holding's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Canterbury Park Holding Days Inventory Related Terms
Thank you for viewing the detailed overview of Canterbury Park Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Canterbury Park Holding (Canterbury Park Holding) Business Description
Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Card Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Card Casino segment.
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