Boyd Gaming Corporation (BYD)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 34.84 | 28.77 | 31.96 | 35.64 | 33.31 | |
| DOH | days | 10.48 | 12.69 | 11.42 | 10.24 | 10.96 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 34.84
= 10.48
Boyd Gaming Corp.'s days of inventory on hand (DOH) has exhibited fluctuations over the past five years. In 2023, the DOH improved to 4.39 days from 5.17 days in 2022, indicating the company managed its inventory more efficiently. This suggests that Boyd Gaming Corp. was able to sell its inventory faster compared to the previous year.
Comparing to 2021, where the DOH was 5.12 days, the decrease is a positive sign of better inventory management in 2023. In 2020, the DOH was significantly higher at 7.96 days, indicating the company took longer to sell its inventory, which could have tied up more working capital.
Overall, the trend in Boyd Gaming Corp.'s DOH reflects improvements in inventory turnover efficiency in 2023 compared to the previous years, suggesting potential enhancements in inventory management practices.
Peer comparison
Dec 31, 2023