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Canterbury Park Holding Total Inventories

: $0.25 Mil (As of Mar. 2022)
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Canterbury Park Holding's total inventories for the quarter that ended in Mar. 2022 was $0.25 Mil. Canterbury Park Holding's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Mar. 2022 was $0.25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Canterbury Park Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-1.34.

Inventory can be measured by days sales of inventory (DSI). Canterbury Park Holding's days sales of inventory (DSI) for the three months ended in Mar. 2022 was 1.66.

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 three months ended in Mar. 2022 was 9.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canterbury Park Holding's Inventory Turnover for the quarter that ended in Mar. 2022 was 9.53.

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 quarter that ended in Mar. 2022 was 0.02.

Canterbury Park Holding Total Inventories Historical Data

The historical data trend for Canterbury Park Holding's Total Inventories 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.

Canterbury Park Holding Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Total Inventories
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.30 0.39 0.22 0.25

Canterbury Park Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Total Inventories Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.33 0.24 0.25 0.25

Canterbury Park Holding Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Canterbury Park Holding  (NAS:CPHC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Canterbury Park Holding's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is

Net-Net Working Capital Per Share (Q: Mar. 2022 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.217+0.75 * 0.626+0.5 * 0.249-20.278
-0-0)/4.83169
=-1.34

2. Inventory can be measured by Days Sales of Inventory (DSI).

Canterbury Park Holding's Days Sales of Inventory for the three months ended in Mar. 2022 is

Days Sales of Inventory (DSI)
=Total Inventories (Q: Mar. 2022 )/Revenue (Q: Mar. 2022 )*Days in Period
=0.2485/13.638*365 / 4
=1.66

3. 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 three months ended in Mar. 2022 is calculated as:

Days Inventory=Total Inventories (Q: Mar. 2022 )/Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=0.2485/2.368*365 / 4
=9.58

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

Canterbury Park Holding's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2022 ) / Total Inventories (Q: Mar. 2022 )
=2.368 / 0.2485
=9.53

5. 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 quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=0.2485 / 13.638
=0.02

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Canterbury Park Holding Total Inventories Related Terms

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Canterbury Park Holding Business Description

Canterbury Park Holding logo
Industry
Consumer Cyclical » Travel & Leisure NAICS : 711212 SIC : 7948
Comparable Companies
TSXV:PMKR ATH:INLOT OTCPK:GLXZ XTER:ACX NAS:EBET LSE:GMR XTER:EMH1 TSXV:RVLY XMAU:LOTO XSAT:ANGL
Traded in Other Exchanges
N/A
Address
1100 Canterbury Road, Shakopee, MN, USA, 55379
Website
https://www.canterburypark.com
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.
Executives
Chronister Mark director 1100 CANTERBURY ROAD SOUTH SHAKOPEE MN 55379
Schenian Dale H director, 10 percent owner PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHENIAN DALE H a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sampson Randall D director, 10 percent owner, officer: President and CEO 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Offerman Carin J director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: OFFERMAN CARIN J a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Dahlberg Burton F director 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Dehmer Randy J officer: Chief Financial Officer 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Bausch Maureen Hooley director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Himle John Stefan director 1100 CANTERBURY PARK RD SHAKOPEE MN 55379
Sampson Curtis A director, 10 percent owner PO BOX 777 S MAIN ST HECTOR MN 55342
Wolf Robert officer: Chief Financial Officer 1100 CANTERBURY RD. SHAKOPEE MN 55379
Kennedy Daniel J. officer: Senior VP of Operations 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Hochman Michael officer: Vice President - Card Casino 1100 CANTERBURY ROAD SHAKOPEE MN 55379
Canterbury Park Holding Corp officer: Vice President - Racing 1100 CANTERBURY ROAD S. SHAKOPEE MN 55379
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