Las Vegas Sands Corp (LVS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		61.32	70.89	85.95	103.27	73.00
DOH	days	5.95	5.15	4.25	3.53	5.00

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 61.32
= 5.95

The days of inventory on hand (DOH) for Las Vegas Sands Corp has fluctuated over the past five years. In 2023, the company had 2.66 days of inventory on hand, representing a decrease from the previous year. This indicates that the company is efficient in managing its inventory and converting it into sales quickly. However, it is important to note that inventory management can vary depending on the industry and business model of the company. Overall, the decreasing trend in DOH suggests that Las Vegas Sands Corp has been improving its inventory management efficiency in recent years.