Wynn Resorts Limited (WYNN)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,748,720	1,856,250	1,581,170	1,529,680	1,452,860
Inventory	US$ in thousands	75,783	75,552	70,094	69,967	66,285
Inventory turnover		23.08	24.57	22.56	21.86	21.92

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,748,720K ÷ $75,783K
= 23.08

Based on the data provided, Wynn Resorts Limited has shown a consistent trend of efficiently managing its inventory turnover over the years. The inventory turnover ratio has been between 21.86 and 24.57, indicating that the company is able to sell and replace its inventory multiple times throughout the year.

This trend suggests that Wynn Resorts has a strong inventory management system in place, helping the company minimize carrying costs and potential obsolescence of inventory. A higher inventory turnover ratio is generally considered favorable as it indicates that the company is selling its products quickly.

The slight increase in the inventory turnover ratio from 2020 to 2024, with a peak in 2023, indicates an improvement in inventory management efficiency. This could suggest effective procurement, sales, and distribution processes within the company.

Overall, the consistent and relatively high inventory turnover ratio of Wynn Resorts Limited reflects a positive aspect of its operations, potentially contributing to improved financial performance and profitability.