Boyd Gaming Corporation (BYD)

Number of days of payables

		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
Payables turnover		4.76	4.62	5.03	4.85	3.89	5.18	5.86	5.97	4.97	6.04	6.15	6.64	6.89	10.17	7.70	11.75	8.09	-1.39	1.42	3.32
Number of days of payables	days	76.63	78.96	72.61	75.19	93.72	70.40	62.27	61.13	73.41	60.45	59.39	55.00	52.96	35.88	47.38	31.07	45.12	—	257.25	109.88

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.76
= 76.63

To analyze Boyd Gaming Corp.'s number of days of payables, we calculated the average number of days it takes for the company to pay its suppliers over the past eight quarters. The average number of days of payables for Boyd Gaming Corp. is 23.73 days.

The trend in Boyd Gaming Corp.'s number of days of payables shows a relatively consistent performance over the quarters, with some fluctuations. The company has been able to maintain its payables within a range of 20.90 days to 30.30 days, indicating effective management of its payment obligations to suppliers.

A lower number of days of payables suggests that Boyd Gaming Corp. is able to pay its suppliers more quickly, potentially indicating strong cash flow management or good relationships with suppliers. Conversely, a higher number of days of payables may indicate that the company is taking longer to settle its payables, which could be a liquidity concern if not managed appropriately.

Overall, Boyd Gaming Corp.'s number of days of payables indicates a stable and efficient payment management process, which is essential for maintaining healthy supplier relationships and overall financial health.