Wynn Macau (HKSE:01128) Inventory Turnover : 29.51 (As of Dec. 2023)

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What is Wynn Macau Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Wynn Macau's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$8,088 Mil. Wynn Macau's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$274 Mil. Wynn Macau's Inventory Turnover for the quarter that ended in Dec. 2023 was 29.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wynn Macau's Days Inventory for the six months ended in Dec. 2023 was 6.18.

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. Wynn Macau's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Wynn Macau Inventory Turnover Historical Data

The historical data trend for Wynn Macau's Inventory Turnover 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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Wynn Macau Inventory Turnover Chart

Wynn Macau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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68.79

25.01

31.82

21.66

52.33

Wynn Macau Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															14.06	11.71	10.31	24.84	29.51

Wynn Macau Inventory Turnover Calculation

Wynn Macau's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	14822.662	/ (	(280.332	+	286.194)	/	2 )
=	14822.662	/	283.263
=	52.33

Wynn Macau's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8088.1	/ (	(261.905	+	286.194)	/	2 )
=	8088.1	/	274.0495
=	29.51

Wynn Macau (HKSE:01128) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Wynn Macau's Days Inventory for the six 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
	=	274.0495	/	8088.1	*	365 / 2
	=	6.18

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.

Wynn Macau'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 )
	=	274.0495	/	13529.527
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Wynn Macau Inventory Turnover Related Terms

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Wynn Macau (HKSE:01128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Macau Ltd (HKSE:01128) » Definitions » Inventory Turnover

Comparable Companies

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WYNMY:USA WYNMF:USA 8WY:Germany

Address

Avenida da Nave Desportiva, Wynn Palace, Cotai, MAC

Website

https://www.wynnmacau.com

Wynn Macau operates integrated casino resorts in Macao, including Wynn Macau on the peninsula and Wynn Palace in Cotai. These properties feature with high-end hotels and brand-name stores, making Wynn a high-end iconic brand. Wynn Resorts has a 72% stake in Wynn Macau.

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