Canterbury Park Holding (Canterbury Park Holding) Inventory Turnover

: 9.44 (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. Canterbury Park Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.52 Mil. Canterbury Park Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.27 Mil. Canterbury Park Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.44.

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 Dec. 2023 was 9.67.

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 Dec. 2023 was 0.02.

Canterbury Park Holding Inventory Turnover Historical Data

The historical data trend for Canterbury Park Holding'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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Canterbury Park Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

39.13

25.00

53.69

54.45

49.44

Canterbury Park Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																9.27	8.76	10.45	12.39	9.44

Canterbury Park Holding Inventory Turnover Calculation

Canterbury Park Holding'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 )
=	12.633	/ (	(0.262	+	0.249)	/	2 )
=	12.633	/	0.2555
=	49.44

Canterbury Park Holding'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 )
=	2.516	/ (	(0.284	+	0.249)	/	2 )
=	2.516	/	0.2665
=	9.44

Canterbury Park Holding (NAS:CPHC) 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.

Canterbury Park Holding'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
	=	0.2665	/	2.516	*	365 / 4
	=	9.67

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.

Canterbury Park Holding'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 )
	=	0.2665	/	12.527
	=	0.02

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.

Canterbury Park Holding Inventory Turnover Related Terms

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Canterbury Park Holding (Canterbury Park Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canterbury Park Holding Corp (NAS:CPHC) » Definitions » Inventory Turnover

Comparable Companies

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

Damon E. Schramm	director	C/O EVINE LIVE INC., 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553444
Peter Ahn	director	1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Sampson Family Real Estate Holdings, Llc	10 percent owner	930 LAKE SUSAN HILLS DR., CHANHASSEN MN 55317
Mark Chronister	director	1100 CANTERBURY ROAD SOUTH, SHAKOPEE MN 55379
Maureen Hooley Bausch	director	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
John Stefan Himle	director	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Randy James Dehmer	officer: CFO/Vice President of Finance	1100 CANTERBURY PARK RD, SHAKOPEE MN 55379
Dale H Schenian	director
Burton F Dahlberg	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Robert Wolf	officer: VP of Finance	1100 CANTERBURY RD., SHAKOPEE MN 55379
Daniel J. Kennedy	officer: Senior VP of Operations	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Carin J Offerman	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Curtis A Sampson	director	PO BOX 777, S MAIN ST, HECTOR MN 55342
Michael Hochman	officer: Vice President - Card Casino	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Randall D Sampson	director, 10 percent owner, officer: President, CEO & General Mgr	1100 CANTERBURY ROAD, SHAKOPEE MN 55379