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Galaxy Entertainment Group Inventory Turnover

: 22.65 (As of Jun. 2021)
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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. Galaxy Entertainment Group's Cost of Goods Sold for the six months ended in Jun. 2021 was $581 Mil. Galaxy Entertainment Group's Total Inventories for the quarter that ended in Jun. 2021 was $26 Mil. Galaxy Entertainment Group's Inventory Turnover for the quarter that ended in Jun. 2021 was 22.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Galaxy Entertainment Group's Days Inventory for the six months ended in Jun. 2021 was 8.06.

Total Inventories can be measured by Days Sales of Inventory (DSI). Galaxy Entertainment Group's days sales of inventory (DSI) for the six months ended in Jun. 2021 was 3.41.

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. Galaxy Entertainment Group's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.02.


Galaxy Entertainment Group Inventory Turnover Historical Data

The historical data trend for Galaxy Entertainment Group'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.

* Premium members only.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 199.40 140.58 148.42 128.38 29.90

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.42 63.99 15.33 14.47 22.65

Galaxy Entertainment Group Inventory Turnover Calculation

Galaxy Entertainment Group's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=729.69775151898 / ((22.78608495099 + 26.021491505308) / 2 )
=729.69775151898 / 24.403788228149
=29.90

Galaxy Entertainment Group's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover (Q: Jun. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Jun. 2021 ) / ((Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Jun. 2021 )) / count )
=581.06278263782 / ((26.021491505308 + 25.279513508639) / 2 )
=581.06278263782 / 25.650502506973
=22.65

* 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.


Galaxy Entertainment Group  (OTCPK:GXYYY) 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.

Galaxy Entertainment Group's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory =Total Inventories (Q: Jun. 2021 )/Cost of Goods Sold (Q: Jun. 2021 )*Days in Period
=25.650502506973/581.06278263782*365 / 2
=8.06

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Galaxy Entertainment Group's Days Sales of Inventory for the six months ended in Jun. 2021 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )*Days in Period
=25.650502506973/1373.4848035868*365 / 2
=3.41

3. 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.

Galaxy Entertainment Group's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=25.650502506973 / 1373.4848035868
=0.02

* 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.


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.


Galaxy Entertainment Group Inventory Turnover Related Terms

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


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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