Light & Wonder (Light & Wonder) Inventory Turnover : 1.24 (As of Mar. 2024)

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What is Light & Wonder Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Light & Wonder's Cost of Goods Sold for the three months ended in Mar. 2024 was $219 Mil. Light & Wonder's Average Total Inventories for the quarter that ended in Mar. 2024 was $176 Mil. Light & Wonder's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Light & Wonder's Days Inventory for the three months ended in Mar. 2024 was 73.33.

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. Light & Wonder's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Light & Wonder Inventory Turnover Historical Data

The historical data trend for Light & Wonder's Inventory Turnover 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.

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Light & Wonder Inventory Turnover Chart

Light & Wonder Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.24

3.36

5.61

5.70

5.16

Light & Wonder Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.21	1.23	1.19	1.30	1.24

Light & Wonder Inventory Turnover Calculation

Light & Wonder's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	872	/ (	(161	+	177)	/	2 )
=	872	/	169
=	5.16

Light & Wonder's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	219	/ (	(177	+	175)	/	2 )
=	219	/	176
=	1.24

Light & Wonder (NAS:LNW) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Light & Wonder's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	176	/	219	*	365 / 4
	=	73.33

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.

Light & Wonder's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	176	/	756
	=	0.23

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Light & Wonder Inventory Turnover Related Terms

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Light & Wonder (Light & Wonder) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Light & Wonder Inc (NAS:LNW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TJW0:Germany LNW:Australia

Address

6601 Bermuda Road, Las Vegas, NV, USA, 89119

Website

https://www.lnw.com

Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Executives

Vanja Kalabic	officer: Chief Accounting Officer	LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89118
Maria T Vullo	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Antonia Korsanos	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Oliver Chow	officer: Interim CFO	LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Hamish Mclennan	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Jamie Odell	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA RD, LAS VEGAS NV 89119
Fine Capital Partners, L.p.	10 percent owner	3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Michael J Regan	director	14 BRENNER PLACE, DEMAREST NJ 07627
Siobhan Lane	officer: EVP & Grp Chief Exec of Gaming	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Stephen W Morro	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Debra Fine	10 percent owner	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Fine Capital Advisors, Llc	10 percent owner	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
James Constance P.	officer: EVP, CFO, Treas & Corp Sec	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Virginia E Shanks	director	4170 CAUGHLIN PARKWAY, RENO NV 89519
Ronald O Perelman	director, 10 percent owner	35 EAST 62ND STREET, NEW YORK NY 10021