Melco International Development (HKSE:00200) Inventory Turnover : 44.50 (As of Dec. 2023)

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What is Melco International Development Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Melco International Development's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,765 Mil. Melco International Development's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$219 Mil. Melco International Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 44.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Melco International Development's Days Inventory for the six months ended in Dec. 2023 was 4.10.

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. Melco International Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Melco International Development Inventory Turnover Historical Data

The historical data trend for Melco International Development's Inventory Turnover 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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Melco International Development Inventory Turnover Chart

Melco International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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87.23

38.92

45.80

39.98

84.71

Melco International Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															20.37	22.77	16.73	41.93	44.50

Melco International Development Inventory Turnover Calculation

Melco International Development's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	18472.915	/ (	(206.292	+	229.874)	/	2 )
=	18472.915	/	218.083
=	84.71

Melco International Development's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9765.42	/ (	(209.005	+	229.874)	/	2 )
=	9765.42	/	219.4395
=	44.50

Melco International Development (HKSE:00200) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Melco International Development's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	219.4395	/	9765.42	*	365 / 2
	=	4.10

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.

Melco International Development's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	219.4395	/	16493.246
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Melco International Development Inventory Turnover Related Terms

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Melco International Development (HKSE:00200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco International Development Ltd (HKSE:00200) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MDEVY:USA MDEVF:USA MX7A:Germany

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-group.com

Melco International Development Ltd together with its subsidiaries is a developer, owner and operator of international network of casino gaming and entertainment casino resorts. Its operating segments include Casino and Hospitality segment, and the Others segment. The Casino and Hospitality segment comprises operation of casino and provision of hospitality through Melco Resorts and ICR Group. The Others segment comprises other gaming, leisure and entertainment, and property investments. The company's operations are mainly located in Macau, Hong Kong, the Philippines, Cyprus, and Japan. Geographically, the company derives maximum revenue from Macau.

Executives

Ho Lawrence Yau Lung	2201 Interest of corporation controlled by you
Lo Sau Yan, Sharen	2202 Interest of your spouse
Black Spade Capital Limited	2201 Interest of corporation controlled by you
King Dragon Ventures Limited	2201 Interest of corporation controlled by you
Lht I Limited	2201 Interest of corporation controlled by you
Zedra Asia Limited	2301 Trustee
Southeastern Asset Management, Inc.	2102 Investment manager
Great Respect Limited
Zedra Trust Company (cayman) Limited	2301 Trustee
Trident Trust Company (cayman) Limited	2301 Trustee
Ho Hung Sun, Stanley	2501 Other
Lasting Legend Ltd.	2101 Beneficial owner

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