Century Casinos (Century Casinos) Inventory Turnover

: 17.67 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Century Casinos's Cost of Goods Sold for the three months ended in Dec. 2023 was $83.2 Mil. Century Casinos's Average Total Inventories for the quarter that ended in Dec. 2023 was $4.7 Mil. Century Casinos's Inventory Turnover for the quarter that ended in Dec. 2023 was 17.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Century Casinos's Days Inventory for the three months ended in Dec. 2023 was 5.16.

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. Century Casinos's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Century Casinos Inventory Turnover Historical Data

The historical data trend for Century Casinos's Inventory Turnover 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.

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Century Casinos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

85.90

91.18

129.58

156.50

99.45

Century Casinos Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																38.00	36.88	22.40	19.25	17.67

Century Casinos Inventory Turnover Calculation

Century Casinos's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	307.393	/ (	(1.53	+	4.652)	/	2 )
=	307.393	/	3.091
=	99.45

Century Casinos's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	83.213	/ (	(4.768	+	4.652)	/	2 )
=	83.213	/	4.71
=	17.67

Century Casinos (NAS:CNTY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Century Casinos's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.71	/	83.213	*	365 / 4
	=	5.16

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.

Century Casinos's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.71	/	143.758
	=	0.03

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Century Casinos Inventory Turnover Related Terms

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Century Casinos (Century Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Century Casinos Inc (NAS:CNTY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CNT:Germany

Address

455 East Pikes Peak Avenue, Suite 210, Colorado Springs, CO, USA, 80903

Website

https://www.cnty.com

Century Casinos Inc is a casino entertainment company that develops and operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), and entertainment facilities in North America. The company has three reportable segments based on the geographical locations in which its casinos operate; United States; Century Casino & Hotel-Central City, and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville, and Century Casino Cape Girardeau in Missouri, Canada; Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton and Casino Century Downs Racetrack and Casino in Calgary, and Poland; Casinos Poland.

Executives

Peter Hoetzinger	director, officer: Vice Chairman/Co CEO/President	200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813
Nikolaus Strohriegel	officer: Vice President of Operations	455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80908
Haitzmann Erwin Et Al	director, officer: Chairman of the Board/Co CEO	2200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813
Andreas Terler	officer: Vice President of Operations	455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80908
Smith Geoffrey Donald Cumming	officer: SENIOR V.P. OPERATIONS	455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80903
Dinah Corbaci	director	ANZENGRUBERGASSE 24/25, VIENNA C4 1050
Timothy Allen Wright	officer: Vice President - Controller	455 E PIKES PEAK AVE, SUITE 210, COLORADO SPRINGS CO 80903
Eduard M Berger	director	455 E PIKES PEAK AVE STE 210, COLORADO SPRINGS CO 80903
Gottfried Schellmann	director	HANS WEIGELGASSE 5, MARIA ENZERSDORF C4 A-02340
Robert S Eichberg	director	1801 CALIFORNIA ST, SUITE 4550, DENVER CO 80202
Margaret Stapleton	officer: EVP/PFO	2860 SOUTH CIRCLE DRIVE, SUITE 350, COLORADO SPRINGS CO 80906
Larry Hannappel	officer: CAO/Secretary/Treasurer	200 EAST BENNETT AVE, CRIPPLE CREEK CO 80813
Christian Gernert	officer: Chief Operating Officer	1263 LAKE PLAZA DRIVE, SUITE A, COLORADO SPRINGS CO 80906
Raymond W Sienko	officer: Chief Accounting Officer	1263 A. LAKE PLAZA DR., COLORADO SPRINGS CO 80906
Miller Lloyd I Iii	10 percent owner