Wynn Resorts Limited (WYNN)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,748,725	1,780,490	1,885,202	1,871,272	1,855,750	1,808,649	1,653,602	1,592,690	1,573,661	1,566,118	1,561,687	1,577,186	1,529,675	1,484,102	1,453,568	1,403,754	1,452,857	1,502,950	1,578,747	1,657,590
Inventory	US$ in thousands	75,783	75,479	72,152	73,686	75,552	75,071	70,979	69,182	70,094	68,310	69,075	72,244	69,967	64,043	66,100	65,252	66,285	73,627	84,779	86,182
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,748,725K ÷ $75,783K
= 23.08

The inventory turnover ratio for Wynn Resorts Limited has been on an upward trend over the years, indicating a more efficient management of inventory. The ratio increased from 19.23 in March 2020 to 23.08 in December 2024. This suggests that the company is able to sell its inventory and replace it with new stock at a quicker pace.

A higher inventory turnover ratio generally signifies that the company is selling goods quickly, reducing the risk of obsolete inventory and improving cash flow. However, a very high ratio may also indicate stockouts or lost sales due to insufficient inventory levels.

In summary, Wynn Resorts Limited's inventory turnover has shown improvement over the years, reflecting better inventory management and potentially increased sales efficiency.