Monarch Casino & Resort (Monarch Casino & Resort) Days Inventory

: 11.42 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Monarch Casino & Resort's Average Total Inventories for the three months ended in Dec. 2023 was $7.4 Mil. Monarch Casino & Resort's Cost of Goods Sold for the three months ended in Dec. 2023 was $59.1 Mil. Hence, Monarch Casino & Resort's Days Inventory for the three months ended in Dec. 2023 was 11.42.

The historical rank and industry rank for Monarch Casino & Resort's Days Inventory or its related term are showing as below:

MCRI' s Days Inventory Range Over the Past 10 Years
Min: 10.37 Med: 11.44 Max: 31.36
Current: 11.46

During the past 13 years, Monarch Casino & Resort's highest Days Inventory was 31.36. The lowest was 10.37. And the median was 11.44.

MCRI's Days Inventory is ranked better than
67.17% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs MCRI: 11.46

Monarch Casino & Resort's Days Inventory declined from Dec. 2022 (11.50) to Dec. 2023 (11.42).

Inventory Turnover measures how fast the company turns over its inventory within a year. Monarch Casino & Resort's Inventory Turnover for the three months ended in Dec. 2023 was 7.99.

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. Monarch Casino & Resort's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

Monarch Casino & Resort Days Inventory Historical Data

The historical data trend for Monarch Casino & Resort'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 15.56 [6] => 31.36 [7] => 15.39 [8] => 12.30 [9] => 11.92 )

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

15.56

31.36

15.39

12.30

11.92

Monarch Casino & Resort Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																11.50	11.70	11.11	11.13	11.42

Competitive Comparison

For the Resorts & Casinos subindustry, Monarch Casino & Resort'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.

Monarch Casino & Resort Days Inventory Distribution

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

* The bar in red indicates where Monarch Casino & Resort's Days Inventory falls into.

Monarch Casino & Resort Days Inventory Calculation

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

Monarch Casino & Resort'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
=	( (7.558	+	7.614)	/	2 )	/	232.303	*	365
=	7.586					/	232.303	*	365
=	11.92

Monarch Casino & Resort'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
=	( (7.184	+	7.614)	/	2 )	/	59.106	*	365 / 4
=	7.399					/	59.106	*	365 / 4
=	11.42

Monarch Casino & Resort (NAS:MCRI) 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.

Monarch Casino & Resort's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59.106	/	7.399
	=	7.99

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.

Monarch Casino & Resort's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.399	/	128.186
	=	0.06

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.

Monarch Casino & Resort Days Inventory Related Terms

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

Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521