Golden Entertainment (Golden Entertainment) Days Inventory

: 5.74 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Golden Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $8 Mil. Golden Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $123 Mil. Hence, Golden Entertainment's Days Inventory for the three months ended in Dec. 2023 was 5.74.

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

GDEN' s Days Inventory Range Over the Past 10 Years
Min: 3.25 Med: 4.52 Max: 7.51
Current: 4.88

During the past 13 years, Golden Entertainment's highest Days Inventory was 7.51. The lowest was 3.25. And the median was 4.52.

GDEN's Days Inventory is ranked better than
80.81% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs GDEN: 4.88

Golden Entertainment's Days Inventory increased from Dec. 2022 (4.33) to Dec. 2023 (5.74). It might indicate that Golden Entertainment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golden Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 15.91.

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. Golden Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Golden Entertainment Days Inventory Historical Data

The historical data trend for Golden Entertainment'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.

Golden Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4.91

6.22

3.84

4.36

5.12

Golden Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															4.33	4.50	4.44	4.79	5.74

Competitive Comparison

For the Resorts & Casinos subindustry, Golden Entertainment'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.

Golden Entertainment Days Inventory Distribution

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

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

Golden Entertainment Days Inventory Calculation

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

Golden Entertainment's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (8.117	+	8.097)	/	2 )	/	577.599	*	365
=	8.107					/	577.599	*	365
=	5.12

Golden Entertainment'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.381	+	8.097)	/	2 )	/	123.112	*	365 / 4
=	7.739					/	123.112	*	365 / 4
=	5.74

Golden Entertainment (NAS:GDEN) 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.

Golden Entertainment's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	123.112	/	7.739
	=	15.91

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.

Golden Entertainment's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.739	/	230.691
	=	0.03

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.

Golden Entertainment Days Inventory Related Terms

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

Golden Entertainment (Golden Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Entertainment Inc (NAS:GDEN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6595 S Jones Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.goldenent.com

Golden Entertainment Inc is a us-based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. It derives key revenue from the Nevada Casino Resorts and Distributed Gaming segments. Nevada Casino Resorts is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities. Distributed Gaming segment is comprised of the operation of slot machines and amusement devices in non-casino locations across Nevada and Montana, with a limited number of slot machines in each location, as well as the operation of branded taverns.

Executives

Charles Protell	officer: President and CFO	6595 S JONES BLVD, LAS VEGAS NV 89118
Stephen A Arcana	officer: EVP and COO	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Andy H Chien	director	C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Blake L Sartini	director, 10 percent owner, officer: Chairman and CEO	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Terrence Wright	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Sartini Blake L Ii	officer: SVP of Distributed Gaming	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Marnell Anthony A. Iii	director	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Ann D. Dozier	director	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Robert L Miodunski	director	6601 S BERMUDA RD, LAS VEGAS NV 89119
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Mark A Lipparelli	director	6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Thomas Edwin Haas	officer: SVP of Accounting	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Sean T Higgins	officer: Executive VP and CLO	C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Delise F Sartini	10 percent owner	2411 WEST SAHARA AVENUE, LAS VEGAS NV 89102
Blake L. Sartini & Delise F. Sartini Family Trust	10 percent owner	6595 S JONES BLVD, LAS VEGAS NV 89118