Macau Legend Development (HKSE:01680) Days Inventory

: 5.90 (As of Jun. 2022)

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Days Inventory is also known as Days Sales of Inventory (DSI). Macau Legend Development's Average Total Inventories for the six months ended in Jun. 2022 was HK$24 Mil. Macau Legend Development's Cost of Goods Sold for the six months ended in Jun. 2022 was HK$729 Mil. Hence, Macau Legend Development's Days Inventory for the six months ended in Jun. 2022 was 5.90.

The historical rank and industry rank for Macau Legend Development's Days Inventory or its related term are showing as below:

HKSE:01680' s Days Inventory Range Over the Past 10 Years
Min: 5.67 Med: 12.87 Max: 19.75
Current: 5.67

During the past 10 years, Macau Legend Development's highest Days Inventory was 19.75. The lowest was 5.67. And the median was 12.87.

HKSE:01680's Days Inventory is ranked better than
82.79% of 674 companies
in the Travel & Leisure industry
Industry Median: 40.13 vs HKSE:01680: 5.67

Macau Legend Development's Days Inventory declined from Jun. 2021 (6.87) to Jun. 2022 (5.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Macau Legend Development's Inventory Turnover for the six months ended in Jun. 2022 was 30.92.

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. Macau Legend Development's Inventory-to-Revenue for the six months ended in Jun. 2022 was 0.04.

Macau Legend Development Days Inventory Historical Data

The historical data trend for Macau Legend Development'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.

Macau Legend Development Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

11.52

9.57

6.04

8.81

6.34

Macau Legend Development Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Inventory																8.74	8.91	6.87	5.51	5.90

Competitive Comparison

For the Resorts & Casinos subindustry, Macau Legend Development'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.

Annual Data Quarterly Data

Macau Legend Development Days Inventory Distribution

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

* The bar in red indicates where Macau Legend Development's Days Inventory falls in comparison to its industry or sector. The grey bar indicates the Days Inventory's extreme value range as defined by GuruFocus.

Macau Legend Development Days Inventory Calculation

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

Macau Legend Development's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (28.046	+	24.289)	/	2 )	/	1506.84	*	365
=	26.1675					/	1506.84	*	365
=	6.34

Macau Legend Development's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (24.289	+	22.866)	/	2 )	/	729.043	*	365 / 2
=	23.5775					/	729.043	*	365 / 2
=	5.90

Macau Legend Development (HKSE:01680) 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.

Macau Legend Development's Inventory Turnover for the six months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	729.043	/	23.5775
	=	30.92

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.

Macau Legend Development's Inventory to Revenue for the six months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.5775	/	543.751
	=	0.04

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.

Macau Legend Development Days Inventory Related Terms

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

Macau Legend Development (HKSE:01680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Macau Legend Development Ltd (HKSE:01680) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC

Website

http://www.macaulegend.com

Macau Legend Development Ltd is an investment holdings company,It is engaged in the resorts and casinos industry. The business has two segments: Gaming and Non-Gaming. The Gaming segment is engaged in gaming-related services such as gaming tables and electronic gaming machines. The company's flagship resort and gaming center is The Landmark Macau, a hotel, casino, and luxury shopping center. The Non-Gaming segment is involved in hotel operations, such as food and beverage services and others. The company generates the vast majority of its revenue in Macau.

Macau Legend Development (HKSE:01680) Headlines

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