MGM Resorts International (MGM)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 66.83 60.37 52.77 52.20 39.09
DOH days 5.46 6.05 6.92 6.99 9.34

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 66.83
= 5.46

MGM Resorts International's Days of Inventory on Hand (DOH) has shown a decreasing trend over the past five years. The company had a DOH of 9.34 days as of December 31, 2020, which decreased to 5.46 days as of December 31, 2024. This indicates that MGM Resorts International has been managing its inventory more efficiently, holding less inventory on hand relative to its sales. A lower DOH implies quicker turnover of inventory, potentially reducing storage costs and minimizing the risk of obsolescence. Overall, the decreasing trend in DOH reflects favorable inventory management practices at MGM Resorts International over the years.