Melco Resorts and Entertainment (Melco Resorts and Entertainment) Total Inventories : $29 Mil (As of Dec. 2023)

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What is Melco Resorts and Entertainment Total Inventories?

Melco Resorts and Entertainment's total inventories for the quarter that ended in Dec. 2023 was $29 Mil. Melco Resorts and Entertainment's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $29 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Melco Resorts and Entertainment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-18.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Melco Resorts and Entertainment's Days Inventory for the three months ended in Dec. 2023 was 3.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Melco Resorts and Entertainment's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.82.

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 Resorts and Entertainment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Melco Resorts and Entertainment Total Inventories Historical Data

The historical data trend for Melco Resorts and Entertainment'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.

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Melco Resorts and Entertainment Total Inventories Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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43.96

37.28

29.59

26.42

29.43

Melco Resorts and Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															26.42	26.22	26.66	28.11	29.43

Melco Resorts and Entertainment 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.

Melco Resorts and Entertainment (NAS:MLCO) 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.

Melco Resorts and Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1310.715	+	0.75 * 91.638	+	0.5 * 29.427	-	9175.122
-	0	-	447.23)	/	437.09
=	-18.82

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

Melco Resorts and Entertainment's Days Inventory for the three 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
	=	28.7665	/	685.348	*	365 / 4
	=	3.83

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

Melco Resorts and Entertainment's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	685.348	/	28.7665
	=	23.82

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.

Melco Resorts and Entertainment'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 )
	=	28.7665	/	1093.613
	=	0.03

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.

Melco Resorts and Entertainment Total Inventories Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

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

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.