Monarch Casino & Resort (Monarch Casino & Resort) Total Inventories : $7.6 Mil (As of Dec. 2023)

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What is Monarch Casino & Resort Total Inventories?

Monarch Casino & Resort's total inventories for the quarter that ended in Dec. 2023 was $7.6 Mil. Monarch Casino & Resort's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $7.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Monarch Casino & Resort's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.84.

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 three months ended in Dec. 2023 was 11.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Monarch Casino & Resort's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.06.

Monarch Casino & Resort Total Inventories Historical Data

The historical data trend for Monarch Casino & Resort'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.

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Monarch Casino & Resort Total Inventories Chart

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.74

7.82

7.16

7.56

7.61

Monarch Casino & Resort Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															6.93	7.17	7.18	7.61	7.37

Monarch Casino & Resort 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.

Monarch Casino & Resort (NAS:MCRI) 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.

Monarch Casino & Resort's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(43.361	+	0.75 * 11.99	+	0.5 * 7.614	-	167.733
-	0	-	0)	/	19.0915
=	-5.84

2. 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 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
	=	7.399	/	59.106	*	365 / 4
	=	11.42

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	59.106	/	7.399
	=	7.99

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.399	/	128.186
	=	0.06

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.

Monarch Casino & Resort Total Inventories Related Terms

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

Industry

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

Comparable Companies

Traded in Other Exchanges

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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