MGM Resorts International (FRA:MGG) Change In Inventory : €-17 Mil (TTM As of Mar. 2024)

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What is MGM Resorts International Change In Inventory?

MGM Resorts International's change in inventory for the quarter that ended in Mar. 2024 was €-5 Mil. It means MGM Resorts International's inventory increased by €5 Mil from Dec. 2023 to Mar. 2024 .

MGM Resorts International's change in inventory for the fiscal year that ended in Dec. 2023 was €-14 Mil. It means MGM Resorts International's inventory increased by €14 Mil from Dec. 2022 to Dec. 2023 .

MGM Resorts International's Total Inventories for the quarter that ended in Mar. 2024 was €136 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGM Resorts International's Days Inventory for the quarter that ended in Mar. 2024 was 5.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. MGM Resorts International's Inventory Turnover for the quarter that ended in Mar. 2024 was 16.36.

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. MGM Resorts International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

MGM Resorts International Change In Inventory Historical Data

The historical data trend for MGM Resorts International's Change In 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.

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MGM Resorts International Change In Inventory Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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5.87

12.09

2.75

-25.14

-14.24

MGM Resorts International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-2.51	-1.96	-4.64	-5.28	-5.27

MGM Resorts International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-17 Mil.

MGM Resorts International (FRA:MGG) Change In Inventory Explanation

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

MGM Resorts International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	132.7435	/	2171.944	*	365 / 4
	=	5.58

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

MGM Resorts International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2171.944	/	132.7435
	=	16.36

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.

MGM Resorts International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	132.7435	/	4032.792
	=	0.03

MGM Resorts International Change In Inventory Related Terms

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MGM Resorts International (FRA:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (FRA:MGG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico M1GM34:Brazil

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

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