Melco Resorts and Entertainment (Melco Resorts and Entertainment) Days Inventory

: 3.83 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Melco Resorts and Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $29 Mil. Melco Resorts and Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $685 Mil. Hence, Melco Resorts and Entertainment's Days Inventory for the three months ended in Dec. 2023 was 3.83.

The historical rank and industry rank for Melco Resorts and Entertainment's Days Inventory or its related term are showing as below:

MLCO' s Days Inventory Range Over the Past 10 Years
Min: 2.25 Med: 4.22 Max: 9.64
Current: 4.23

During the past 13 years, Melco Resorts and Entertainment's highest Days Inventory was 9.64. The lowest was 2.25. And the median was 4.22.

MLCO's Days Inventory is ranked better than
82.31% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs MLCO: 4.23

Melco Resorts and Entertainment's Days Inventory declined from Dec. 2022 (9.22) to Dec. 2023 (3.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Melco Resorts and Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 23.82.

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. Melco Resorts and Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Melco Resorts and Entertainment Days Inventory Historical Data

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4.27

9.64

8.18

9.61

4.31

Melco Resorts and Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																9.22	5.38	4.04	3.95	3.83

Competitive Comparison

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Days Inventory Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Days Inventory distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's Days Inventory falls into.

Melco Resorts and Entertainment Days Inventory Calculation

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

Melco Resorts and Entertainment'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
=	( (26.416	+	29.427)	/	2 )	/	2362.681	*	365
=	27.9215					/	2362.681	*	365
=	4.31

Melco Resorts and Entertainment'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
=	( (28.106	+	29.427)	/	2 )	/	685.348	*	365 / 4
=	28.7665					/	685.348	*	365 / 4
=	3.83

Melco Resorts and Entertainment (NAS:MLCO) 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.

Melco Resorts and Entertainment's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	685.348	/	28.7665
	=	23.82

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.

Melco Resorts and Entertainment's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.7665	/	1093.613
	=	0.03

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.

Melco Resorts and Entertainment Days Inventory Related Terms

Thank you for viewing the detailed overview of Melco Resorts and Entertainment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.