Boyd Gaming Corporation (BYD)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 25.47 | 30.64 | 34.37 | 36.40 | 50.50 | |
| DSO | days | 14.33 | 11.91 | 10.62 | 10.03 | 7.23 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 25.47
= 14.33
Boyd Gaming Corp.'s days of sales outstanding (DSO) have shown an increasing trend over the past five years, indicating a potential slowdown in collecting revenue from customers. The DSO increased from 6.64 days in 2019 to 13.81 days in 2023. This suggests that the company took longer to convert its accounts receivable into cash in more recent years.
An increasing DSO may signal issues with the company's credit policies, collection efforts, or the financial health of its customers. A high DSO could also point to potential liquidity problems or inefficiencies in the company's operations. It is important for Boyd Gaming Corp. to closely monitor and manage its DSO to ensure timely collection of receivables and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023