MGM Resorts International (MGM)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 38.92 | 61.15 | 37.95 | 38.03 | 34.07 | |
| DOH | days | 9.38 | 5.97 | 9.62 | 9.60 | 10.71 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 38.92
= 9.38
MGM Resorts International's days of inventory on hand (DOH) have fluctuated over the past five years. The company managed its inventory efficiently in 2019 with only 4.94 days of inventory on hand, indicating a quick turnover of inventory. However, there was a spike in DOH in 2020 to 9.34 days, suggesting a slower rate of inventory turnover, possibly due to disruptions caused by the COVID-19 pandemic.
In 2021 and 2022, the DOH decreased to 6.99 days and 6.92 days, respectively, indicating an improvement in inventory management efficiency compared to the previous year. By the end of 2023, the DOH further decreased to 6.05 days, demonstrating continued efforts to optimize inventory turnover.
Overall, MGM Resorts International has shown variability in its inventory management performance over the years, but the recent trend of decreasing days of inventory on hand suggests an ongoing focus on improving operational efficiency and reducing excess inventory levels.
Peer comparison
Dec 31, 2023