Red Rock Resorts (Red Rock Resorts) Total Inventories : $15 Mil (As of Dec. 2023)

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What is Red Rock Resorts Total Inventories?

Red Rock Resorts's total inventories for the quarter that ended in Dec. 2023 was $15 Mil. Red Rock Resorts's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Red Rock Resorts's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Rock Resorts's Days Inventory for the three months ended in Dec. 2023 was 7.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Red Rock Resorts's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.82.

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. Red Rock Resorts's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Red Rock Resorts Total Inventories Historical Data

The historical data trend for Red Rock Resorts's Total Inventories 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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Red Rock Resorts Total Inventories Chart

Red Rock Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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17.77

13.08

11.73

13.20

15.26

Red Rock Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															13.20	13.42	14.00	13.64	15.26

Red Rock Resorts Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Red Rock Resorts (NAS:RRR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Red Rock Resorts's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(137.586	+	0.75 * 61.93	+	0.5 * 15.255	-	3710.625
-	0	-	75.048)	/	58.8664
=	-61.05

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

Red Rock Resorts's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14.4465	/	170.716	*	365 / 4
	=	7.72

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

Red Rock Resorts's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	170.716	/	14.4465
	=	11.82

4. 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.

Red Rock Resorts's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14.4465	/	462.714
	=	0.03

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Red Rock Resorts Total Inventories Related Terms

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Red Rock Resorts (Red Rock Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Red Rock Resorts Inc (NAS:RRR) » Definitions » Total Inventories

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Traded in Other Exchanges

RRK:Germany

Address

1505 South Pavilion Center Drive, Las Vegas, NV, USA, 89135

Website

http://www.redrockresorts.com

Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically-located casino and entertainment properties. It generates a majority of its revenue from Casino.

Executives

Robert A Finch	officer: EVP & Chief Operating Officer	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Scott Kreeger	officer: President	2535 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS CA 89109
Fertitta Frank J Iii	director, 10 percent owner	2411 W SAHARA AVE, LAS VEGAS NV 89102
Lorenzo J Fertitta	director, 10 percent owner	2960 W SAHARA AVENUE, LAS VEGAS NV 89102
Joseph J Hasson	officer: EVP of Operations	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Richard J Haskins	officer: President
Jeffrey T Welch	officer: EVP and Chief Legal Officer	C/O RED ROCK RESORTS,INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Robert E Lewis	director	2411 W. SAHARA AVE, LAS VEGAS NV 89102
Cashell Robert A. Jr	director	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Marc J. Falcone	officer: EVP, CFO and Treasuer	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Daniel J Roy	officer: EVP and COO	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Nave James E D V M	director	2411 W SAHARA AVENUE, LAS VEGAS NV 89102
Stephen Lawrence Cootey	officer: See Remarks	C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE,, LAS VEGAS NV 89135
Bank Ag\ Deutsche	10 percent owner	TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000
Fi Station Investor Llc	director, 10 percent owner	1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135