Empire Resorts (Empire Resorts) Inventory Turnover : 38.86 (As of Sep. 2019)

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What is Empire Resorts 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. Empire Resorts's Cost of Goods Sold for the three months ended in Sep. 2019 was $44.3 Mil. Empire Resorts's Average Total Inventories for the quarter that ended in Sep. 2019 was $1.1 Mil. Empire Resorts's Inventory Turnover for the quarter that ended in Sep. 2019 was 38.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Empire Resorts's Days Inventory for the three months ended in Sep. 2019 was 2.35.

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. Empire Resorts's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.02.

Empire Resorts Inventory Turnover Historical Data

The historical data trend for Empire Resorts'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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Empire Resorts Inventory Turnover Chart

Empire Resorts Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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275.55

270.36

283.40

308.80

302.77

Empire Resorts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															22.97	28.03	50.83	44.68	38.86

Empire Resorts Inventory Turnover Calculation

Empire Resorts's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	168.04	/ (	(0.174	+	0.936)	/	2 )
=	168.04	/	0.555
=	302.77

Empire Resorts's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	44.281	/ (	(1.159	+	1.12)	/	2 )
=	44.281	/	1.1395
=	38.86

Empire Resorts (NAS:NYNY) 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.

Empire Resorts's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	1.1395	/	44.281	*	365 / 4
	=	2.35

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.

Empire Resorts's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	1.1395	/	69.54
	=	0.02

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.

Empire Resorts Inventory Turnover Related Terms

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Empire Resorts (Empire Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Empire Resorts Inc (NAS:NYNY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Monticello Casino and Raceway, 204 State Route 17B, P.O. Box 5013, Monticello, NY, USA, 12701

Website

http://www.empireresorts.com

Empire Resorts Inc is a United State based holding company which operates casinos. It engaged in the hospitality and gaming industries. The company's subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino and Raceway in Monticello, New York. The facility includes over 1,000 slot machines and electronic table games, as well as dining and live entertainment.

Executives

Kok Thay Lim	10 percent owner	22ND FLOOR, WISMA GENTING, JALAN SULTAN ISMAIL, KUALA LUMPUR N8 50250
Emanuel R Pearlman	director, officer: Executive Chairman	250 EAST 79TH STREET, NEW YORK NY 10075
Paul Debary	director	C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
Richard L Robbins	director	C/O VITAL SIGNS INC, 20 CAMPUS ROAD, TOTWA NJ 07512
Robert Alan Berman	10 percent owner	C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151
David Patrick Hanlon	director, officer: CEO and President
Arthur Sonnenblick	director	888 SEVENTH AVE, NEW YORK NY 10019