Pinnacle Entertainment (Pinnacle Entertainment) Days Inventory : 2.67 (As of Jun. 2018)

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What is Pinnacle Entertainment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pinnacle Entertainment's Average Total Inventories for the three months ended in Jun. 2018 was $11 Mil. Pinnacle Entertainment's Cost of Goods Sold for the three months ended in Jun. 2018 was $359 Mil. Hence, Pinnacle Entertainment's Days Inventory for the three months ended in Jun. 2018 was 2.67.

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

PNK's Days Inventory is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 36.02
* Ranked among companies with meaningful Days Inventory only.

Pinnacle Entertainment's Days Inventory increased from Jun. 2017 (2.61) to Jun. 2018 (2.67). It might indicate that Pinnacle Entertainment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pinnacle Entertainment's Inventory Turnover for the three months ended in Jun. 2018 was 34.15.

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. Pinnacle Entertainment's Inventory-to-Revenue for the three months ended in Jun. 2018 was 0.02.

Pinnacle Entertainment Days Inventory Historical Data

The historical data trend for Pinnacle 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.

Pinnacle Entertainment Days Inventory Chart

Pinnacle Entertainment Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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3.55

2.71

2.91

2.82

2.56

Pinnacle Entertainment Quarterly Data
	Dec12	Dec13	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Days Inventory	Get a 7-Day Free Trial													2.61	2.68	2.70	2.71	2.67

Competitive Comparison of Pinnacle Entertainment's Days Inventory

For the Resorts & Casinos subindustry, Pinnacle 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.

Pinnacle Entertainment's Days Inventory Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Pinnacle Entertainment's Days Inventory falls into.

Pinnacle Entertainment Days Inventory Calculation

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

Pinnacle Entertainment's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (9.967	+	10.145)	/	2 )	/	1435.45	*	365
=	10.056					/	1435.45	*	365
=	2.56

Pinnacle Entertainment's Days Inventory for the quarter that ended in Jun. 2018 is calculated as:

	Days Inventory (Q: Jun. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2018 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (10.409	+	10.644)	/	2 )	/	359.442	*	365 / 4
=	10.5265					/	359.442	*	365 / 4
=	2.67

Pinnacle Entertainment (NAS:PNK) 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.

Pinnacle Entertainment's Inventory Turnover for the three months ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	359.442	/	10.5265
	=	34.15

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.

Pinnacle Entertainment's Inventory to Revenue for the three months ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.5265	/	647.634
	=	0.02

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.

Pinnacle Entertainment Days Inventory Related Terms

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

Pinnacle Entertainment (Pinnacle Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pinnacle Entertainment Inc (NAS:PNK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.pnk.com

Pinnacle Entertainment Inc is a United Stated based owns, operates and develops casinos and related hospitality and entertainment businesses. Its owned facilities are located in Ohio and leased facilities are located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Pennsylvania. The company also hold a majority interest in the racing license owner, and it is a party to a management contract, for Retama Park Racetrack located outside of San Antonio, Texas. Additionally, Pinnacle owns and operate a live and televised poker tournament series under the trade name Heartland Poker Tour. The company's three reportable segments based on the regions in which it operates namely Midwest, South, and West.

Executives

Virginia E Shanks	officer: EVP and Chief Admin. Officer	4170 CAUGHLIN PARKWAY, RENO NV 89519
Charles L Atwood	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Desiree G Rogers	director	C/O PINNACLE ENTERTAINMENT, INC., 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
James L Martineau	director	C/O PINNACLE ENTERTAINMENT, INC, 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Jaynie M Studenmund	director	506 SECOND AVENUE, 9TH FLOOR, SEATTLE WA 98104
Anthony Michael Sanfilippo	director, officer: Chairman and CEO	C/O PINNACLE ENTERTAINMENT INC, 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Carlos Ruisanchez	director, officer: President and CFO	C/O PINNACLE ENTERTAINMENT INC, 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Stephen C Comer	director	8360 S. DURANGO DR., LAS VEGAS NV 89113