Boyd Gaming Corporation (BYD)

Days of sales outstanding (DSO)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Receivables turnover 25.47 34.41 31.70 34.50 30.64 38.27 35.63 32.95 34.37 52.13 46.84 32.94 37.48 49.90 58.25 71.25 54.01 56.89 45.37 44.26
DSO days 14.33 10.61 11.51 10.58 11.91 9.54 10.25 11.08 10.62 7.00 7.79 11.08 9.74 7.32 6.27 5.12 6.76 6.42 8.05 8.25

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 25.47
= 14.33

To analyze Boyd Gaming Corp.'s days of sales outstanding (DSO) over the given quarters, we observe a fluctuating trend in DSO figures. In Q4 2023, the DSO increased to 13.81 days compared to the previous quarter's 10.32 days. This rise suggests that it took Boyd Gaming longer to collect revenue from its sales during this period.

Looking at the historical data, we notice that Q4 results are typically higher compared to the third quarter, indicating a potential seasonal pattern or specific business dynamics impacting collections. However, Q4 2023's DSO of 13.81 days is still below the figure for Q4 2022, indicating some improvement in collections efficiency over the year.

Furthermore, while there are fluctuations quarter to quarter, the general trend seems to hover around the low double digits, indicating that Boyd Gaming typically collects payments from its customers within a reasonable timeframe. However, the company may want to continue monitoring DSO levels to ensure efficient cash flow management and timely collections in the future.