MGM Resorts International (MGM)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		38.92	49.40	60.62	62.01	61.15	52.52	36.80	36.40	36.18	36.62	42.83	40.11	38.03	35.14	31.85	33.03	34.07	32.48	31.64	28.99
DOH	days	9.38	7.39	6.02	5.89	5.97	6.95	9.92	10.03	10.09	9.97	8.52	9.10	9.60	10.39	11.46	11.05	10.71	11.24	11.54	12.59

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 38.92
= 9.38

The Days of Inventory on Hand (DOH) for MGM Resorts International has shown a relatively stable trend over the past eight quarters, ranging from 6.05 days to 6.96 days. A lower DOH indicates that the company is efficiently managing its inventory levels, while a higher DOH suggests slower inventory turnover.

The most recent data for Q4 2023 at 6.05 days saw a slight decrease compared to the previous quarter, Q3 2023, at 6.17 days. This could imply that MGM Resorts International is effectively managing its inventory levels and turning over its inventory at a slightly faster pace in the most recent quarter.

Overall, the consistent range of DOH around 6 days suggests that MGM Resorts International has a strong control over its inventory levels and is effectively managing its supply chain operations. Monitoring future trends in the DOH ratio will be important to assess the company's inventory management efficiency and operational effectiveness.