Nevada Gold & Casinos (Nevada Gold & Casinos) Days Inventory : 4.13 (As of Jan. 2019)

View and export this data going back to 1995. Start your Free Trial

What is Nevada Gold & Casinos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nevada Gold & Casinos's Average Total Inventories for the three months ended in Jan. 2019 was $0.35 Mil. Nevada Gold & Casinos's Cost of Goods Sold for the three months ended in Jan. 2019 was $7.75 Mil. Hence, Nevada Gold & Casinos's Days Inventory for the three months ended in Jan. 2019 was 4.13.

The historical rank and industry rank for Nevada Gold & Casinos's Days Inventory or its related term are showing as below:

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

Nevada Gold & Casinos's Days Inventory declined from Jan. 2018 (4.79) to Jan. 2019 (4.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Nevada Gold & Casinos's Inventory Turnover for the three months ended in Jan. 2019 was 22.10.

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. Nevada Gold & Casinos's Inventory-to-Revenue for the three months ended in Jan. 2019 was 0.02.

Nevada Gold & Casinos Days Inventory Historical Data

The historical data trend for Nevada Gold & Casinos'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.

Nevada Gold & Casinos Days Inventory Chart

Nevada Gold & Casinos Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Days Inventory

Get a 7-Day Free Trial

3.53

3.55

3.68

3.57

3.58

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Days Inventory	Get a 7-Day Free Trial															4.79	2.37	4.19	4.21	4.13

Competitive Comparison of Nevada Gold & Casinos's Days Inventory

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's Days Inventory Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Nevada Gold & Casinos's Days Inventory falls into.

Nevada Gold & Casinos Days Inventory Calculation

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

Nevada Gold & Casinos's Days Inventory for the fiscal year that ended in Apr. 2018 is calculated as

	Days Inventory (A: Apr. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2017 )	+	Total Inventories (A: Apr. 2018 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2018 )	*	Days in Period
=	( (0.423	+	0.43)	/	2 )	/	43.485	*	365
=	0.4265					/	43.485	*	365
=	3.58

Nevada Gold & Casinos's Days Inventory for the quarter that ended in Jan. 2019 is calculated as:

	Days Inventory (Q: Jan. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2018 )	+	Total Inventories (Q: Jan. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2019 )	*	Days in Period
=	( (0.345	+	0.356)	/	2 )	/	7.745	*	365 / 4
=	0.3505					/	7.745	*	365 / 4
=	4.13

Nevada Gold & Casinos (AMEX:UWN) 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.

Nevada Gold & Casinos's Inventory Turnover for the three months ended in Jan. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.745	/	0.3505
	=	22.10

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.

Nevada Gold & Casinos's Inventory to Revenue for the three months ended in Jan. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.3505	/	14.564
	=	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.

Nevada Gold & Casinos Days Inventory Related Terms

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

Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nevada Gold & Casinos Inc (AMEX:UWN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119

Website

http://www.nevadagold.com

Nevada Gold & Casinos Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. It operates with Washington, South Dakota, Nevada and Corporate segments. The Washington Gold segment consists of the Washington mini-casinos. The South Dakota Gold segment includes slot route operation in South Dakota. The Nevada segment consists of club fortune casino and corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. The firm has approximately 540 slot machines, seven table games and a poker room, two bars, an entertainment lounge, a William Hill sports book, a cafe, a snack bar, and a gift shop. Nevada derives the majority of revenue from casino operation and rests from others.

Executives

Michael P Shaunnessy	officer: President/CEO	50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
James Meier	officer: CFO	4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Wayne H White	director
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Channel Partnership Ii L P	10 percent owner	450 SEVENTH AVENUE SUITE 509, NEW YORK NY 10123