Caesars Entertainment Corporation (CZR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,777,000 | 3,627,000 | 4,363,000 | 3,901,000 | 1,913,000 |
| Inventory | US$ in thousands | 45,000 | 46,000 | 59,000 | 42,000 | 44,000 |
| Inventory turnover | 83.93 | 78.85 | 73.95 | 92.88 | 43.48 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,777,000K ÷ $45,000K
= 83.93
Caesars Entertainment Corporation's inventory turnover has shown a significant improvement over the years based on the provided data.
In December 2020, the inventory turnover was 43.48, indicating that the company sold and replaced its inventory 43.48 times during that year. By December 2021, the inventory turnover had increased to 92.88, showing a substantial enhancement in inventory management efficiency.
Subsequently, in December 2022, the inventory turnover remained strong at 73.95, suggesting effective inventory control and sales execution. This was followed by a further increase in December 2023 to 78.85, indicating continued efficient inventory management practices.
By December 2024, the inventory turnover reached 83.93, demonstrating the company's ability to rapidly turn over its inventory. This trend reflects positively on Caesars Entertainment Corporation's operational effectiveness and suggests that the company is managing its inventory efficiently, potentially leading to improved profitability and liquidity.
Peer comparison
Dec 31, 2024