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Full House Resorts's total inventories for the quarter that ended in Sep. 2024 was $2.3 Mil. Full House Resorts's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2.2 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Full House Resorts's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-16.52.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Full House Resorts's Days Inventory for the three months ended in Sep. 2024 was 5.20.
Inventory Turnover measures how fast the company turns over its inventory within a year. Full House Resorts's Inventory Turnover for the quarter that ended in Sep. 2024 was 17.55.
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. Full House Resorts's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.03.
The historical data trend for Full House 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.
Full House Resorts Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 2.29 | 1.51 | 1.66 | 1.48 | 1.84 |
Full House Resorts Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial | 1.74 | 1.84 | 1.94 | 2.02 | 2.31 |
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.
Full House Resorts (NAS:FLL) 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.
Full House Resorts's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
Net-Net Working Capital Per Share (Q: Sep. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (25.936 | + | 0.75 * 5.847 | + | 0.5 * 2.306 | - | 616.899 |
- | 0 | - | 0) | / | 35.4466 | ||
= | -16.52 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Full House Resorts's Days Inventory for the three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 2.1605 | / | 37.913 | * | 365 / 4 | |
= | 5.20 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Full House Resorts's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2024 ) | / | Average Total Inventories (Q: Sep. 2024 ) |
= | 37.913 | / | 2.1605 | |
= | 17.55 |
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.
Full House Resorts's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 2.1605 | / | 75.687 | |
= | 0.03 |
* 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
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.
Thank you for viewing the detailed overview of Full House Resorts's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Elaine Guidroz | officer: Secretary | C/O FULL HOUSE RESORTS, INC., 777 RISING STAR DRIVE, RISING SUN IN 47040 |
Lewis A. Fanger | officer: Sr. VP, CFO and Treasurer | C/O FULL HOUSE RESORTS, INC., 4670 S. FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147 |
Daniel R Lee | director, officer: Chief Executive Officer | C/O CREATIVE CASINOS LLC, 10801 W CHARLESTON BLVD #420, LAS VEGAS NV 89135 |
John Ferrucci | officer: Chief Operating Officer | C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135 |
Eric J Green | director | C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135 |
Kathleen M Caracciolo | director | 5922 CLOVERLEAF DRIVE, MAYS LANDING NJ 08330 |
Michael A. Hartmeier | director | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Carl G Braunlich | director | 4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147 |
Kenneth Robert Adams | director | 210 MARSH AVE SUITE 103, RENO NV 89509 |
Lynn M Handler | director | C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135 |
Michael P Shaunnessy | director | 50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027 |
Bradley M Tirpak | director | 50 ORCHARD ST., NEW YORK NY 10002 |
Craig W Thomas | director | 2100 CRESCENT AVENUE, CHARLOTTE NC 28207 |
Ellis Landau | director | CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
Garrett W.h. Baird | director | C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040 |
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