Caesars Entertainment Corporation (CZR)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,783,000 | 3,623,000 | 3,752,000 | 3,845,000 | 4,492,000 | 4,517,000 | 4,460,000 | 4,363,000 | 4,266,000 | 4,204,000 | 4,074,000 | 3,886,000 | 3,117,000 | 2,969,000 | 2,303,785 | 1,941,785 | 1,412,667 | 905,410 | 989,392 | 874,545 |
| Inventory | US$ in thousands | 45,000 | 43,000 | 44,000 | 46,000 | 45,000 | 53,000 | 57,000 | 59,000 | 46,000 | 47,000 | 44,000 | 42,000 | 45,000 | 41,000 | 41,000 | 44,000 | 49,000 | 17,369 | 17,070 | 18,000 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,783,000K ÷ $45,000K
= 84.07
The inventory turnover ratio measures how efficiently Caesars Entertainment Corporation manages its inventory by showing how many times the company sells and replaces its inventory during a specific period. A higher inventory turnover ratio indicates that inventory is selling quickly, which can be a positive sign of efficient inventory management.
Based on the data provided, Caesars' inventory turnover has shown fluctuations over the periods analyzed. The ratio increased from December 2019 to June 2020, indicating improved inventory management. However, there was a significant drop in September 2020, which suggests potential challenges in managing inventory levels efficiently during that time.
From December 2020 to March 2021, the inventory turnover ratio increased consistently, reaching a peak in September 2021. This upward trend is a positive sign as it indicates that Caesars was efficiently selling and replacing its inventory during these periods.
The inventory turnover ratio hit a high point in September 2023, showing effective inventory management practices. However, there was a slight decline by December 2024, indicating a potential slowdown in inventory turnover during that period.
Overall, Caesars Entertainment Corporation has demonstrated varying levels of efficiency in managing its inventory turnover over the analyzed periods, with some fluctuations but generally maintaining a reasonably high turnover ratio, which is indicative of effective inventory management practices.
Peer comparison
Dec 31, 2024
Dec 31, 2024