Boyd Gaming Corporation (BYD)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 88.55 83.12 70.59 71.30 45.86
DOH days 4.12 4.39 5.17 5.12 7.96

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 88.55
= 4.12

Based on the data provided, Boyd Gaming Corporation's Days of Inventory on Hand (DOH) has shown a decreasing trend over the years, from 7.96 days on December 31, 2020, to 4.12 days on December 31, 2024. This indicates that Boyd Gaming has been more efficient in managing its inventory during this period.

A lower DOH value signifies that the company is selling its inventory at a faster rate, which can lead to reduced storage costs and lower risk of inventory obsolescence. Boyd Gaming's improving DOH ratio suggests that the company has been effectively managing its inventory levels and aligning them with its sales and production processes.

Overall, the decreasing trend in Boyd Gaming Corporation's DOH reflects a positive efficiency in inventory management, indicating potential improvements in working capital management and operational performance over the years.