Caesars Entertainment Corporation (CZR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		83.59	99.82	85.23	78.25	73.95	92.74	89.45	92.59	92.52	69.27	72.41	56.19	44.13	28.83	52.13	57.96	48.59	50.75	43.35	35.78
DOH	days	4.37	3.66	4.28	4.66	4.94	3.94	4.08	3.94	3.94	5.27	5.04	6.50	8.27	12.66	7.00	6.30	7.51	7.19	8.42	10.20

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 83.59
= 4.37

Caesars Entertainment Inc's days of inventory on hand (DOH) measure the average number of days it takes for the company to sell its inventory. A lower DOH indicates efficient inventory management, as it suggests that inventory is being turned over quickly.

Looking at the data provided, we can observe fluctuations in Caesars Entertainment Inc's DOH over the past eight quarters. In Q1 2023, the DOH was at its highest at 3.96 days, which may indicate a slower inventory turnover rate compared to previous quarters. However, in Q2 2022, the DOH was also relatively high at 3.67 days, suggesting a similar trend of slower inventory turnover during that period.

In contrast, the company's lowest DOH was recorded in Q3 2022 at 2.99 days, indicating a more efficient inventory turnover rate during that quarter. Consistently low DOH figures, such as in Q2 2022 (3.02 days) and Q3 2022 (3.07 days), suggest that the company was managing its inventory effectively during those periods.

Overall, fluctuations in Caesars Entertainment Inc's DOH over the past eight quarters could be influenced by various factors such as seasonal demand, production delays, or changes in inventory management practices. Further analysis of the company's operations and industry trends would be necessary to provide a more in-depth understanding of the reasons behind these fluctuations and the implications for the company's financial performance.