Caesars Entertainment Corporation (CZR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 83.93 | 78.85 | 73.95 | 92.88 | 43.48 | |
| DOH | days | 4.35 | 4.63 | 4.94 | 3.93 | 8.40 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 83.93
= 4.35
The days of inventory on hand (DOH) ratio for Caesars Entertainment Corporation has shown a downward trend over the past five years, decreasing from 8.40 days as of December 31, 2020, to 4.35 days as of December 31, 2024. This indicates that the company has been more efficient in managing its inventory levels and turning over inventory into sales in a shorter period of time.
A lower DOH ratio suggests that Caesars Entertainment Corporation is able to sell its inventory faster, which can lead to lower carrying costs and potentially higher profitability. The decreasing trend in DOH could be attributed to better inventory management practices, improved demand forecasting, or a more streamlined supply chain process.
Overall, the declining trend in the days of inventory on hand ratio is a positive indicator of operational efficiency for Caesars Entertainment Corporation, as it signifies the company's ability to effectively manage its inventory levels and optimize its working capital.
Peer comparison
Dec 31, 2024