Wynn Resorts (Wynn Resorts) Days Inventory

: 6.72 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Wynn Resorts's Average Total Inventories for the three months ended in Dec. 2023 was $75 Mil. Wynn Resorts's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,023 Mil. Hence, Wynn Resorts's Days Inventory for the three months ended in Dec. 2023 was 6.72.

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

WYNN' s Days Inventory Range Over the Past 10 Years
Min: 6.18 Med: 8.91 Max: 16.21
Current: 7.1

During the past 13 years, Wynn Resorts's highest Days Inventory was 16.21. The lowest was 6.18. And the median was 8.91.

WYNN's Days Inventory is ranked better than
75.56% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs WYNN: 7.10

Wynn Resorts's Days Inventory declined from Dec. 2022 (9.92) to Dec. 2023 (6.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wynn Resorts's Inventory Turnover for the three months ended in Dec. 2023 was 13.59.

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. Wynn Resorts's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Wynn Resorts Days Inventory Historical Data

The historical data trend for Wynn Resorts'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.

Wynn Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

6.96

16.21

9.72

10.69

7.17

Wynn Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																9.92	7.76	7.05	6.95	6.72

Competitive Comparison

For the Resorts & Casinos subindustry, Wynn Resorts'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.

Wynn Resorts Days Inventory Distribution

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

* The bar in red indicates where Wynn Resorts's Days Inventory falls into.

Wynn Resorts Days Inventory Calculation

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

Wynn Resorts'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
=	( (70.094	+	75.552)	/	2 )	/	3708.563	*	365
=	72.823					/	3708.563	*	365
=	7.17

Wynn Resorts'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
=	( (75.071	+	75.552)	/	2 )	/	1023.116	*	365 / 4
=	75.3115					/	1023.116	*	365 / 4
=	6.72

Wynn Resorts (NAS:WYNN) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1023.116	/	75.3115
	=	13.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	75.3115	/	1840.46
	=	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.

Wynn Resorts Days Inventory Related Terms

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

Wynn Resorts (Wynn Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Resorts Ltd (NAS:WYNN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WYNN:Mexico WYR:Germany WYR:Germany WYR:Germany

Address

3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.wynnresorts.com

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Executives

Julie Cameron-doe	officer: CFO	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Ellen F Whittemore	officer: EVP and General Counsel	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Craig Scott Billings	officer: CFO and Treasurer	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Patricia Mulroy	director	C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Paul Albert Liu	director	C/O WYNN RESORTS, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Betsy S Atkins	director
Matt Maddox	officer: President	C/O WYNN RESORTS LTD, 3145 LAS VEGAS BIVD SOUTH, LAS VEGAS NV 89109
Darnell O. Strom	director	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD S., LAS VEGAS NV 89109
Philip G Satre	director
Richard J Byrne	director	350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert Jos Miller	director	6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Margaret Jane Myers	director	C/O WYNN RESORTS, LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Winifred Markus Webb	director	9330 BALBOA AVE, SAN DIEGO CA 92123
Stephen A Wynn	10 percent owner	3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kimmarie Sinatra	officer: EVP/General Counsel/Secretary	C/O WYNN RESORTS LIMITED, 3131 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109