Studio City International Holdings (Studio City International Holdings) Days Inventory : 12.48 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Studio City International Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $5.7 Mil. Studio City International Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.1 Mil. Hence, Studio City International Holdings's Days Inventory for the three months ended in Dec. 2023 was 12.48.

The historical rank and industry rank for Studio City International Holdings's Days Inventory or its related term are showing as below:

MSC' s Days Inventory Range Over the Past 10 Years
Min: 11.46 Med: 26.44 Max: 43.7
Current: 11.46

During the past 9 years, Studio City International Holdings's highest Days Inventory was 43.70. The lowest was 11.46. And the median was 26.44.

MSC's Days Inventory is ranked better than
67.02% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs MSC: 11.46

Studio City International Holdings's Days Inventory declined from Dec. 2022 (22.94) to Dec. 2023 (12.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Studio City International Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 7.31.

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. Studio City International Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Studio City International Holdings Days Inventory Historical Data

The historical data trend for Studio City International Holdings'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.

Studio City International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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24.70

43.70

33.56

25.37

11.51

Studio City International Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															22.94	22.11	8.22	9.92	12.48

Competitive Comparison

For the Resorts & Casinos subindustry, Studio City International Holdings'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.

Studio City International Holdings Days Inventory Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Studio City International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Studio City International Holdings's Days Inventory falls into.

Studio City International Holdings Days Inventory Calculation

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

Studio City International Holdings'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
=	( (5.121	+	5.763)	/	2 )	/	172.529	*	365
=	5.442					/	172.529	*	365
=	11.51

Studio City International Holdings'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
=	( (5.735	+	5.763)	/	2 )	/	42.05	*	365 / 4
=	5.749					/	42.05	*	365 / 4
=	12.48

Studio City International Holdings (NYSE:MSC) 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.

Studio City International Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.05	/	5.749
	=	7.31

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.

Studio City International Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.749	/	141.251
	=	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.

Studio City International Holdings Days Inventory Related Terms

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Studio City International Holdings (Studio City International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Studio City International Holdings Ltd (NYSE:MSC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.studiocity-macau.com

Studio City International Holdings Ltd is a world-class gaming, retail, and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, it offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a Warner Bros-themed family entertainment center, a 4-D Batman flight simulator, an exclusive night club, and a live performance arena. Geographically, the company derives the majority of its revenue from the Macau region.