Boyd Gaming (Boyd Gaming) Days Inventory

: 4.20 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Boyd Gaming's Average Total Inventories for the three months ended in Dec. 2023 was $21 Mil. Boyd Gaming's Cost of Goods Sold for the three months ended in Dec. 2023 was $449 Mil. Hence, Boyd Gaming's Days Inventory for the three months ended in Dec. 2023 was 4.20.

The historical rank and industry rank for Boyd Gaming's Days Inventory or its related term are showing as below:

BYD' s Days Inventory Range Over the Past 10 Years
Min: 4.49 Med: 5.19 Max: 7.87
Current: 4.54

During the past 13 years, Boyd Gaming's highest Days Inventory was 7.87. The lowest was 4.49. And the median was 5.19.

BYD's Days Inventory is ranked better than
81.71% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs BYD: 4.54

Boyd Gaming's Days Inventory declined from Dec. 2022 (4.91) to Dec. 2023 (4.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Boyd Gaming's Inventory Turnover for the three months ended in Dec. 2023 was 21.75.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Boyd Gaming's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Boyd Gaming Days Inventory Historical Data

The historical data trend for Boyd Gaming's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boyd Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4.49

7.87

5.44

4.93

4.55

Boyd Gaming Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																4.91	4.58	4.83	4.56	4.20

Competitive Comparison

For the Resorts & Casinos subindustry, Boyd Gaming's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Boyd Gaming Days Inventory Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Days Inventory distribution charts can be found below:

* The bar in red indicates where Boyd Gaming's Days Inventory falls into.

Boyd Gaming Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Boyd Gaming's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (22.173	+	20.692)	/	2 )	/	1719.92	*	365
=	21.4325					/	1719.92	*	365
=	4.55

Boyd Gaming's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (20.64	+	20.692)	/	2 )	/	449.49	*	365 / 4
=	20.666					/	449.49	*	365 / 4
=	4.20

Boyd Gaming (NYSE:BYD) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Boyd Gaming's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	449.49	/	20.666
	=	21.75

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Boyd Gaming's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.666	/	954.412
	=	0.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Boyd Gaming Days Inventory Related Terms

Thank you for viewing the detailed overview of Boyd Gaming's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Boyd Gaming (Boyd Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Boyd Gaming Corp (NYSE:BYD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BO5:Germany

Address

6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.boydgaming.com

Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.

Executives

William S Boyd	director, 10 percent owner, officer: Co-Executive Chair	2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
William R Boyd	director, officer: Vice President	C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Marianne Boyd Johnson	director, officer: Executive Vice President
Stephen S. Thompson	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Christine J. Spadafor	director	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Keith Smith	director, officer: President & CEO
Ted Bogich	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Josh Hirsberg	officer: Exec. V.P., Treasurer & CFO	C/O BOYD GAMING CORPORATION, 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Lori M. Nelson	officer: SVP Fin Ops and Reporting	6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Veronica J Wilson	director	C/O BOYD GAMING, 2950 INDUSTRIAL RD, LAS VEGAS NV 89109
Uri Clinton	officer: EVP,General Counsel,Secretary	C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Anthony D Mcduffie	officer: VP & Chief Accounting Officer	C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
A. Randall Thoman	director	8360 S. DURANGO DR., LAS VEGAS NV 89113
John Robert Bailey	director	1106 PALMS AIRPORT DRIVE, LAS VEGAS NV 89119
Paul W Whetsell	director	4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203