Wynn Resorts Limited (WYNN)

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		24.56	24.09	23.30	23.02	22.45	22.93	22.61	21.83	21.86	23.17	21.99	21.51	21.92	20.41	18.62	19.23	18.34	32.03	42.92	64.84
DOH	days	14.86	15.15	15.67	15.85	16.26	15.92	16.14	16.72	16.70	15.75	16.60	16.97	16.65	17.88	19.60	18.98	19.90	11.39	8.50	5.63

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 24.56
= 14.86

Wynn Resorts Ltd.'s days of inventory on hand (DOH) has shown a declining trend over the past eight quarters, indicating improved efficiency in managing inventory levels. The DOH decreased from 10.74 days in Q4 2022 to 7.44 days in Q4 2023, reflecting a quicker turnover of inventory during the most recent quarter. This suggests that the company is selling its inventory at a faster pace or has implemented better inventory management practices. The consecutive decreases in DOH from Q4 2022 to Q4 2023 demonstrate a positive trend in managing inventory levels, which can lead to cost savings and improved cash flows for the company.