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SkyCity Entertainment Group (ASX:SKC) Days Inventory : 47.33 (As of Dec. 2023)


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What is SkyCity Entertainment Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SkyCity Entertainment Group's Average Total Inventories for the six months ended in Dec. 2023 was A$7.9 Mil. SkyCity Entertainment Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$30.6 Mil. Hence, SkyCity Entertainment Group's Days Inventory for the six months ended in Dec. 2023 was 47.33.

The historical rank and industry rank for SkyCity Entertainment Group's Days Inventory or its related term are showing as below:

ASX:SKC' s Days Inventory Range Over the Past 10 Years
Min: 37.66   Med: 41.89   Max: 78.65
Current: 49.79

During the past 13 years, SkyCity Entertainment Group's highest Days Inventory was 78.65. The lowest was 37.66. And the median was 41.89.

ASX:SKC's Days Inventory is ranked worse than
55.47% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs ASX:SKC: 49.79

SkyCity Entertainment Group's Days Inventory increased from Dec. 2022 (45.04) to Dec. 2023 (47.33). It might indicate that SkyCity Entertainment Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SkyCity Entertainment Group's Inventory Turnover for the six months ended in Dec. 2023 was 3.86.

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. SkyCity Entertainment Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

SkyCity Entertainment Group Days Inventory Historical Data

The historical data trend for SkyCity Entertainment Group'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.

SkyCity Entertainment Group Days Inventory Chart

SkyCity Entertainment Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.17 44.30 55.63 79.74 49.15

SkyCity Entertainment Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory 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 90.57 73.96 45.04 51.82 47.33

Competitive Comparison of SkyCity Entertainment Group's Days Inventory

For the Resorts & Casinos subindustry, SkyCity Entertainment Group'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.

SkyCity Entertainment Group's Days Inventory Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where SkyCity Entertainment Group's Days Inventory falls into.


SkyCity Entertainment Group Days Inventory Calculation

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

SkyCity Entertainment Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (6.806 + 7.845) / 2 ) / 54.402*365
=7.3255 / 54.402*365
=49.15

SkyCity Entertainment Group'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (7.845 + 8.047) / 2 ) / 30.642*365 / 2
=7.946 / 30.642*365 / 2
=47.33

* 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.

SkyCity Entertainment Group  (ASX:SKC) 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.

SkyCity Entertainment Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=30.642 / 7.946
=3.86

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.

SkyCity Entertainment Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=7.946 / 409.456
=0.02

* 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

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.

SkyCity Entertainment Group Days Inventory Related Terms

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

SkyCity Entertainment Group (ASX:SKC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » SkyCity Entertainment Group Ltd (ASX:SKC) » Definitions » Days Inventory
Comparable Companies
SGX:O5RU SGX:M44U SGX:CRPU SGX:NEX SGX:BSL SGX:5WF SGX:5KI SGX:AJ2 SGX:OTX SGX:BTP LVS HKSE:01928 HKSE:00027 MGM WYNN CZR MTN SGX:G13 BYD HKSE:02282
Traded in Other Exchanges
SKYZF:USA SKC:New Zealand RX4:Germany
Address
99 Albert Street, Level 13, P.O. Box 6443, Auckland, NTL, NZL, 1010
Website
https://www.skycityentertainmentgroup.com
SkyCity Entertainment operates a number of casino-hotel complexes across Australia and New Zealand. The flagship property is SkyCity Auckland, the holder and operator of an exclusive casino licence (expiring in 2048) in New Zealand's most populous city. The company also owns smaller casinos in Hamilton and Queenstown. In Australia, the company operates SkyCity Adelaide (exclusive licence expiring in 2035).

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