Wynn Resorts Limited (WYNN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		24.57	22.56	21.86	21.92	18.34
DOH	days	14.86	16.18	16.69	16.65	19.90

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 24.57
= 14.86

The Days of Inventory on Hand (DOH) is a measure of how many days, on average, a company holds its inventory before it is sold. A lower DOH indicates that the company is managing its inventory efficiently, while a higher DOH may suggest that the company is carrying excess inventory or facing issues in selling its products.

Based on the data provided for Wynn Resorts Ltd., the trend in the DOH over the past five years shows some fluctuation. In 2023, the DOH decreased to 7.44 days compared to 10.74 days in 2022. This reduction suggests that the company improved its inventory management efficiency in 2023.

Looking further back, the DOH was also relatively lower in 2019 at 7.94 days compared to 13.88 days in 2020. This could indicate that the company made efforts to streamline its inventory processes during that period.

Overall, the decreasing trend in the DOH over the past few years for Wynn Resorts Ltd. indicates a positive development in their inventory management practices. It suggests that the company has been able to optimize its inventory levels, potentially leading to lower carrying costs and improved liquidity. However, it would be important to continue monitoring this metric to ensure efficient inventory turnover and minimize any risks associated with overstocking or understocking.