Days Inventory is also known as Days Sales of Inventory (DSI). Cedar Fair LP's Average Total Inventories for the
three
months ended in Dec. 2023 was $50 Mil. Cedar Fair LP's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $31 Mil.
Hence, Cedar Fair LP's Days Inventory for the
three
months ended in Dec. 2023 was 146.96.
The historical rank and industry rank for Cedar Fair LP's Days Inventory or its related term are showing as below:
FUN'
s Days Inventory Range Over the Past 10 Years
Min: 86.01 Med: 94.21 Max: 524.08
Current: 121.93
During the past 13 years, Cedar Fair LP's highest Days Inventory was 524.08. The lowest was 86.01. And the median was 94.21.
FUN's Days Inventory is ranked worse than 74.51% of 667
companies
in the Travel & Leisure industry
Industry Median: 36.02
vs FUN: 121.93
Cedar Fair LP's Days Inventory
increased
from Dec. 2022 (138.93) to Dec. 2023 (146.96).
It might indicate that Cedar Fair LP's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cedar Fair LP's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.62.
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.
Cedar Fair LP's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.13.
Cedar Fair LP Days Inventory Historical Data
The historical data trend for Cedar Fair LP'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.
Competitive Comparison of Cedar Fair LP's Days Inventory
For the Leisure subindustry, Cedar Fair LP'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.
Cedar Fair LP's Days Inventory Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Cedar Fair LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cedar Fair LP's Days Inventory falls into.
Cedar Fair LP Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cedar Fair LP'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.
Cedar Fair LP (NYSE:FUN) 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.
Cedar Fair LP'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.
Cedar Fair LP'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.
Cedar Fair LP Days Inventory Related Terms
Thank you for viewing the detailed overview of Cedar Fair LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cedar Fair LP (Cedar Fair LP) Business Description
Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.
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