Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Days Inventory : 4.36 (As of Dec. 2018)

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What is Dover Downs Gaming & Entertainment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dover Downs Gaming & Entertainment's Average Total Inventories for the three months ended in Dec. 2018 was $2.0 Mil. Dover Downs Gaming & Entertainment's Cost of Goods Sold for the three months ended in Dec. 2018 was $42.2 Mil. Hence, Dover Downs Gaming & Entertainment's Days Inventory for the three months ended in Dec. 2018 was 4.36.

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

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

Dover Downs Gaming & Entertainment's Days Inventory declined from Dec. 2017 (4.44) to Dec. 2018 (4.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dover Downs Gaming & Entertainment's Inventory Turnover for the three months ended in Dec. 2018 was 20.93.

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. Dover Downs Gaming & Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2018 was 0.04.

Dover Downs Gaming & Entertainment Days Inventory Historical Data

The historical data trend for Dover Downs Gaming & 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.

Dover Downs Gaming & Entertainment Days Inventory Chart

Dover Downs Gaming & Entertainment Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

Get a 7-Day Free Trial

4.03

4.08

4.18

4.29

4.33

Dover Downs Gaming & Entertainment Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Inventory	Get a 7-Day Free Trial															4.44	4.44	4.39	4.34	4.36

Competitive Comparison of Dover Downs Gaming & Entertainment's Days Inventory

For the Gambling subindustry, Dover Downs Gaming & 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.

Dover Downs Gaming & Entertainment's Days Inventory Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Dover Downs Gaming & Entertainment's Days Inventory falls into.

Dover Downs Gaming & Entertainment Days Inventory Calculation

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

Dover Downs Gaming & Entertainment's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (1.928	+	1.975)	/	2 )	/	164.381	*	365
=	1.9515					/	164.381	*	365
=	4.33

Dover Downs Gaming & Entertainment's Days Inventory for the quarter that ended in Dec. 2018 is calculated as:

	Days Inventory (Q: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (2.059	+	1.975)	/	2 )	/	42.207	*	365 / 4
=	2.017					/	42.207	*	365 / 4
=	4.36

Dover Downs Gaming & Entertainment (NYSE:DDE) 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.

Dover Downs Gaming & Entertainment's Inventory Turnover for the three months ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.207	/	2.017
	=	20.93

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.

Dover Downs Gaming & Entertainment's Inventory to Revenue for the three months ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.017	/	46.632
	=	0.04

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.

Dover Downs Gaming & Entertainment Days Inventory Related Terms

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

Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dover Downs Gaming & Entertainment Inc (NYSE:DDE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1131 North DuPont Highway, Dover, DE, USA, 19901

Website

http://www.doverdowns.com

Dover Downs Gaming & Entertainment Inc is a US-based gaming and entertainment company. It operates Dover Downs Casino; Dover Downs Hotel and Conference Center; and Dover Downs Raceway. The Dover Downs Casino operations include table games, including craps, roulette and card games, multi-player electronic table games, race and sports book operation, the festival buffet, Frankie's Italian restaurant, as well as several bars, restaurants and retail outlets. The Dover Downs Hotel and Conference Center include a fine dining restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities. The Dover Downs Raceway includes a harness racing track with pari-mutuel wagering on live and simulcasts horse races. The firm derives the majority of revenue from gaming operation.

Executives

R Randall Rollins	other: See Footnote 1	SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Henry B Tippie	other: See Footnote 1	TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Denis Mcglynn	other: See Footnote 1	POST OFFICE BOX 843, DOVER DE 19903
Klaus M Belohoubek	other: See Footnote 1
Timothy R Horne	other: See Footnote 1
Jeffrey W Rollins	other: See Footnote 1
Patrick J Bagley	other: See Footnote 1
Rmt Trust	other: See Footnote 1	3505 SILVERSIDE ROAD PLAZA CENTRE BLDG., SUITE 203 WILMINGTON DE 19810
Kenneth K Chalmers	director
Rollins John W Jr	director	1131 N DUPONT HGWY PO BOX 843 DOVER DE 19903
Eugene W Weaver	10 percent owner	P O BOX 843, DOVER DE 19803
Richard K Struthers	director	900 OLD KENNETT ROAD, GREENVILLE DE 19807
Gates Capital Management, Inc.	10 percent owner	1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Jeffrey L Gates	10 percent owner	1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Estate Of Rollins John W Sr	10 percent owner	2200 CONCORD PIKE WILMINGTON DE 19803