MGM Resorts International (MGM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 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
Inventory turnover		69.59	68.82	65.94	63.24	61.82	59.11	58.48	55.77	52.77	56.17	52.45	54.61	52.20	46.46	47.00	35.73	39.09	45.64	52.90	67.52
DOH	days	5.24	5.30	5.53	5.77	5.90	6.17	6.24	6.54	6.92	6.50	6.96	6.68	6.99	7.86	7.77	10.22	9.34	8.00	6.90	5.41

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 69.59
= 5.24

Days of inventory on hand (DOH) is a measure used to evaluate how efficiently a company manages its inventory levels by indicating the number of days it takes to sell its average inventory. For MGM Resorts International, the DOH has shown some fluctuations over the provided time period.

From March 31, 2020, to December 31, 2020, the DOH increased steadily from 5.41 days to 9.34 days, indicating that the company was holding inventory for a longer period, which could potentially lead to increased carrying costs and reduced liquidity. However, from March 31, 2021, to December 31, 2024, MGM Resorts International managed to reduce its DOH gradually, reaching a low of 5.24 days by December 31, 2024.

Overall, the trend in DOH for MGM Resorts International suggests improvements in inventory management efficiency over the analyzed period. The decreasing trend in DOH indicates that the company was able to optimize its inventory levels, potentially leading to cost savings and improved cash flow management. This positive trend reflects MGM Resorts International's efforts to enhance operational efficiency and financial performance by managing its inventory more effectively.