Boyd Gaming (FRA:BO5) Total Inventories : €19 Mil (As of Mar. 2024)

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What is Boyd Gaming Total Inventories?

Boyd Gaming's total inventories for the quarter that ended in Mar. 2024 was €19 Mil. Boyd Gaming's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €19 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Boyd Gaming's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-39.44.

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 three months ended in Mar. 2024 was 4.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Boyd Gaming's Inventory Turnover for the quarter that ended in Mar. 2024 was 22.63.

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 quarter that ended in Mar. 2024 was 0.02.

Boyd Gaming Total Inventories Historical Data

The historical data trend for Boyd Gaming's Total Inventories 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 Total Inventories Chart

Boyd Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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19.89

18.59

17.78

20.93

18.98

Boyd Gaming Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															20.52	19.76	19.34	18.98	18.81

Boyd Gaming Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Boyd Gaming (FRA:BO5) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Boyd Gaming's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(260.861	+	0.75 * 109.384	+	0.5 * 18.807	-	4115.101
-	0	-	0)	/	95.4097
=	-39.44

2. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	18.891	/	427.563	*	365 / 4
	=	4.03

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

Boyd Gaming's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	427.563	/	18.891
	=	22.63

4. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	18.891	/	883.679
	=	0.02

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Boyd Gaming Total Inventories Related Terms

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Boyd Gaming (FRA:BO5) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Boyd Gaming Corp (FRA:BO5) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

BYD:USA 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.

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