MGM China Holdings (MGM China Holdings) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is MGM China Holdings Change In Inventory?

MGM China Holdings's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means MGM China Holdings's inventory stayed the same from Jun. 2023 to Dec. 2023 .

MGM China Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $-4 Mil. It means MGM China Holdings's inventory increased by $4 Mil from Dec. 2022 to Dec. 2023 .

MGM China Holdings's Total Inventories for the quarter that ended in Dec. 2023 was $24 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGM China Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 3.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. MGM China Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 48.98.

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. MGM China Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

MGM China Holdings Change In Inventory Historical Data

The historical data trend for MGM China Holdings's Change In 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.

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MGM China Holdings Change In Inventory Chart

MGM China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.33

0.53

-0.59

0.56

-3.60

MGM China Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

MGM China Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

MGM China Holdings (OTCPK:MCHVF) Change In Inventory Explanation

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

MGM China Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.561	/	1105.119	*	365 / 2
	=	3.73

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

MGM China Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1105.119	/	22.561
	=	48.98

3. 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.

MGM China Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.561	/	1797.072
	=	0.01

MGM China Holdings Change In Inventory Related Terms

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MGM China Holdings (MGM China Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Change In Inventory

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MCHVY:USA 02282:Hong Kong

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.