Caesars Entertainment Corporation (CZR)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Inventory turnover		84.07	84.26	85.27	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
DOH	days	4.34	4.33	4.28	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

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 84.07
= 4.34

Caesars Entertainment Corporation's Days of Inventory on Hand (DOH) has shown fluctuations over the periods provided in the data.

The DOH decreased from 7.51 days on December 31, 2019, to a low of 3.94 days on December 31, 2021. This reduction indicates that the company managed its inventory efficiently during this timeframe. Subsequently, the DOH increased to 4.94 days by December 31, 2022, before slightly decreasing again to 4.28 days by March 31, 2024.

Overall, the trend suggests that Caesars Entertainment Corporation has been successful in managing its inventory levels effectively, resulting in lower DOH figures. This efficient inventory management could be attributed to better demand forecasting, inventory control practices, and supply chain management strategies implemented by the company. Additionally, the decreasing trend in DOH reflects a potential improvement in the company's liquidity position and working capital management.