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Full House Resorts (Full House Resorts) Total Inventories : $1.8 Mil (As of Dec. 2023)


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What is Full House Resorts Total Inventories?

Full House Resorts's total inventories for the quarter that ended in Dec. 2023 was $1.8 Mil. Full House Resorts's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Full House Resorts's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-16.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Full House Resorts's Days Inventory for the three months ended in Dec. 2023 was 5.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Full House Resorts's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.54.

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. Full House Resorts's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.


Full House Resorts Total Inventories Historical Data

The historical data trend for Full House Resorts'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.

* Premium members only.

Full House Resorts Total Inventories Chart

Full House Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 1.51 1.66 1.48 1.84

Full House Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.51 1.87 1.74 1.84

Full House Resorts 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.


Full House Resorts  (NAS:FLL) 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.

Full House Resorts'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)
=(36.155+0.75 * 5.332+0.5 * 1.839-610.609
-0-0)/34.5901
=-16.47

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

Full House Resorts'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
=1.7875/29.564*365 / 4
=5.52

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

Full House Resorts'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 )
=29.564 / 1.7875
=16.54

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.

Full House Resorts'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 )
=1.7875 / 60.029
=0.03

* 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.


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.


Full House Resorts Total Inventories Related Terms

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Full House Resorts (Full House Resorts) Business Description

Traded in Other Exchanges
Address
1980 Festival Plaza Drive, Suite 680, One Summerlin, Las Vegas, NV, USA, 89135
Full House Resorts Inc owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities. It offers facilities related to gaming, hotel, dining, entertainment, retail, and other amenities. The group's operating segments include the Bronco Billy's Casino and Hotel in Colorado, The Temporary by American Place in Illinois, Rising Star Casino Resort in Indiana, Silver Slipper Casino and Hotel in Mississippi, Grand Lodge Casino in Nevada, and Contracted Sports Wagering. There are some under-construction projects too. Geographically, the casino operations of the company are managed in the United States. It derives revenues from the operating casinos.
Executives
Kathleen M Caracciolo director 5922 CLOVERLEAF DRIVE, MAYS LANDING NJ 08330
Eric J Green director C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Daniel R Lee director, officer: Chief Executive Officer C/O CREATIVE CASINOS LLC, 10801 W CHARLESTON BLVD #420, LAS VEGAS NV 89135
Lewis A. Fanger officer: Sr. VP, CFO and Treasurer C/O FULL HOUSE RESORTS, INC., 4670 S. FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Michael A. Hartmeier director C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Carl G Braunlich director 4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Elaine Guidroz officer: Secretary C/O FULL HOUSE RESORTS, INC., 777 RISING STAR DRIVE, RISING SUN IN 47040
Kenneth Robert Adams director 210 MARSH AVE SUITE 103, RENO NV 89509
Lynn M Handler director C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
John Ferrucci officer: Chief Operating Officer C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Michael P Shaunnessy director 50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
Bradley M Tirpak director 50 ORCHARD ST., NEW YORK NY 10002
Craig W Thomas director 2100 CRESCENT AVENUE, CHARLOTTE NC 28207
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Garrett W.h. Baird director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040