Caesars Entertainment Corporation (CZR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		78.85	73.95	92.88	43.48	48.59
DOH	days	4.63	4.94	3.93	8.40	7.51

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 78.85
= 4.63

Caesars Entertainment Inc's days of inventory on hand (DOH) has shown variability over the past five years. In 2023, the DOH decreased to 3.11 days from 3.99 days in 2022, indicating that the company held its inventory for a shorter period before selling it. This may imply efficient inventory management or a faster inventory turnover rate.

Compared to 2021 when the DOH was at 3.30 days, the decrease in 2023 also suggests improvement in inventory management efficiency. Furthermore, the significant decrease from 9.08 days in 2020 to 3.11 days in 2023 reflects a substantial enhancement in inventory turnover, potentially resulting from better inventory control or demand forecasting.

Although the DOH increased slightly from 5.66 days in 2019 to 3.30 days in 2021, the recent trend towards lower DOH values indicates a positive development in managing inventory levels more effectively. Overall, the decreasing trend in DOH for Caesars Entertainment Inc implies improved inventory management efficiency and a potentially healthier financial performance.