Accel Entertainment (Accel Entertainment) Days Inventory : 3.37 (As of Mar. 2024)

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What is Accel Entertainment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Accel Entertainment's Average Total Inventories for the three months ended in Mar. 2024 was $8 Mil. Accel Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was $210 Mil. Hence, Accel Entertainment's Days Inventory for the three months ended in Mar. 2024 was 3.37.

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

ACEL' s Days Inventory Range Over the Past 10 Years
Min: 3.27 Med: 3.53 Max: 3.78
Current: 3.29

During the past 7 years, Accel Entertainment's highest Days Inventory was 3.78. The lowest was 3.27. And the median was 3.53.

ACEL's Days Inventory is ranked better than
87.37% of 673 companies
in the Travel & Leisure industry
Industry Median: 34.93 vs ACEL: 3.29

Accel Entertainment's Days Inventory increased from Mar. 2023 (3.21) to Mar. 2024 (3.37). It might indicate that Accel Entertainment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Accel Entertainment's Inventory Turnover for the three months ended in Mar. 2024 was 27.10.

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. Accel Entertainment's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.03.

Accel Entertainment Days Inventory Historical Data

The historical data trend for Accel Entertainment'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.

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Accel Entertainment Days Inventory Chart

Accel Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.78

3.27

Accel Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															3.21	3.30	3.20	3.19	3.37

Competitive Comparison of Accel Entertainment's Days Inventory

For the Gambling subindustry, Accel Entertainment'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.

Accel Entertainment's Days Inventory Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Accel Entertainment's Days Inventory falls into.

Accel Entertainment Days Inventory Calculation

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

Accel Entertainment'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
=	( (6.941	+	7.681)	/	2 )	/	817.195	*	365
=	7.311					/	817.195	*	365
=	3.27

Accel Entertainment's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.681	+	7.841)	/	2 )	/	210.326	*	365 / 4
=	7.761					/	210.326	*	365 / 4
=	3.37

Accel Entertainment (NYSE:ACEL) 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.

Accel Entertainment's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	210.326	/	7.761
	=	27.10

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.

Accel Entertainment's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.761	/	301.817
	=	0.03

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.

Accel Entertainment Days Inventory Related Terms

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

Accel Entertainment (Accel Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accel Entertainment Inc (NYSE:ACEL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Tower Drive, Burr Ridge, Chicago, IL, USA, 60527

Website

https://www.accelentertainment.com

Accel Entertainment Inc is a distributed gaming operator in the United States. It is engaged in the installation, maintenance, and operation of video gaming terminals. The company offers products to restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It operates slot machines and amusement equipment. The company generates a majority of its revenue from net gaming. Net gaming revenue represents net cash received from gaming activities, which is the difference between gaming wins and losses. Net gaming revenue includes the amounts earned by location partners and is recognized at the time of gaming play.

Executives

David W. Ruttenberg	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Karl Mr. Peterson	director, officer: President & CEO	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Derek Harmer	officer: Secretary	140 TOWER DRIVE, BURR RIDGE IL 60527
Andrew H. Rubenstein	director, officer: CEO, President	140 TOWER DRIVE, BURR RIDGE IL 60527
Gordon Rubenstein	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Christen Kozlik	officer: Chief Accounting Officer	140 TOWER DR., BURR RIDGE IL 60527
Mathew Scot Ellis	officer: Chief Financial Officer	C/O ACCEL ENTERTAINMENT, INC., 140 TOWER DR., BURR RIDGE IL 60527
Brian M. Carroll	officer: Chief Financial Officer	140 TOWER DRIVE, BURR RIDGE IL 60527
Dee M Robinson	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Michael Joseph Marino	officer: Chief Commerical Officer	140 TOWER DRIVE, BURR RIDGE IL 60527
Ryan Hammer	officer: President, Gaming Operations	140 TOWER DRIVE, BURR RIDGE IL 60527
Clairvest Group Inc	10 percent owner	22 ST. CLAIRE AVE., SUITE 1700 M4T 253, TORONTO ONTARIO
Brian Sampias	officer: Controller	140 TOWER DRIVE, BURR RIDGE IL 60527
Eden Godsoe	director	140 TOWER DRIVE, BURR RIDGE IL 60527
Kenneth Rotman	director	C/O CLAIRVEST GROUP INC, 22 ST. CLAIR AVENUE EAST, SUITE 1700, TORONTO A6 M4T 2S3