Caesars Entertainment (Caesars Entertainment) Days Inventory

: 3.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Caesars Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $46 Mil. Caesars Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,382 Mil. Hence, Caesars Entertainment's Days Inventory for the three months ended in Dec. 2023 was 3.00.

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

CZR' s Days Inventory Range Over the Past 10 Years
Min: 3.38 Med: 6.09 Max: 8.37
Current: 3.52

During the past 12 years, Caesars Entertainment's highest Days Inventory was 8.37. The lowest was 3.38. And the median was 6.09.

CZR's Days Inventory is ranked better than
86.19% of 666 companies
in the Travel & Leisure industry
Industry Median: 36.44 vs CZR: 3.52

Caesars Entertainment's Days Inventory declined from Dec. 2022 (3.68) to Dec. 2023 (3.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Caesars Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 30.37.

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. Caesars Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Caesars Entertainment Days Inventory Historical Data

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

5.46

6.13

3.38

3.41

3.55

Caesars Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																3.68	4.00	3.78	3.29	3.00

Competitive Comparison

For the Resorts & Casinos subindustry, Caesars Entertainment'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.

Caesars Entertainment Days Inventory Distribution

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

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

Caesars Entertainment Days Inventory Calculation

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

Caesars Entertainment'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
=	( (59	+	46)	/	2 )	/	5395	*	365
=	52.5					/	5395	*	365
=	3.55

Caesars Entertainment'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
=	( (45	+	46)	/	2 )	/	1382	*	365 / 4
=	45.5					/	1382	*	365 / 4
=	3.00

Caesars Entertainment (NAS:CZR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1382	/	45.5
	=	30.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.5	/	2825
	=	0.02

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.

Caesars Entertainment Days Inventory Related Terms

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

Caesars Entertainment (Caesars Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (NAS:CZR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2ER:Germany 2ER:Germany

Address

100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website

https://www.caesars.com

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Executives

Michael E Pegram	director	PO BOX 285, BURLINGTON WA 98233
Stephanie Lepori	officer: CAO & Chief Admin. Officer	100 WEST LIBERTY STREET, SUITE 1150, RENO NV 89501
Thomas Reeg	director, officer: Chief Executive Officer	21 WATERWAY AVE, SUITE 150, THE WOODLANDS TX 77380
David P Tomick	director	100 REGENCY FOREST DR, SUITE 400, CARY NC 27511
Don R Kornstein	director	DON R KORNSTEIN, 825 LAKESHORE BLVD, INCLINE VILLAGE NV 89451
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
Mather Courtney	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Quatmann Edmund L Jr	officer: See Remarks	600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Josh Jones	officer: Chief Marketing Officer	100 W. LIBERTY ST., 12TH FLOOR, RENO NV 89501
Anthony L. Carano	officer: President and COO	100 WEST LIBERTY STREET, RENO NV 89501
Gary L. Carano	director, officer: Exec. Chairman of the Board	100 WEST LIBERTY STREET, 11TH FLOOR, RENO NV 89501
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Jones Blackhurst Janis L	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
James B Hawkins	director	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708