Wynn Resorts Limited (WYNN)

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 23.08 23.59 26.13 25.40 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
DOH days 15.82 15.47 13.97 14.37 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

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.08
= 15.82

The Days of Inventory on Hand (DOH) for Wynn Resorts Limited has shown a decreasing trend over the analyzed period, from approximately 18.98 days on March 31, 2020, to around 15.82 days on December 31, 2024. This indicates that the company is managing its inventory more efficiently, taking fewer days to sell its inventory on hand.

A lower DOH value generally indicates that the company is selling its products more quickly, which can lead to lower carrying costs, reduced risk of obsolescence, and improved cash flow. By closely monitoring and potentially optimizing its inventory levels, Wynn Resorts Limited may be enhancing its operational efficiency and profitability. The consistent decrease in DOH over the analyzed period suggests the company is effectively managing its inventory levels to meet demand and mitigate excess stock.