Boyd Gaming Corporation (BYD)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,601,620 | 3,419,410 | 3,075,210 | 1,946,220 | 3,053,700 |
| Receivables | US$ in thousands | 141,400 | 111,611 | 89,483 | 53,464 | 60,464 |
| Receivables turnover | 25.47 | 30.64 | 34.37 | 36.40 | 50.50 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,601,620K ÷ $141,400K
= 25.47
Boyd Gaming Corp.'s receivables turnover has shown a decreasing trend over the past five years. In 2019, the company's receivables turnover ratio was 55.01, which decreased to 40.75 in 2020, 37.66 in 2021, 31.86 in 2022, and 26.44 in 2023.
A decreasing receivables turnover ratio could indicate that Boyd Gaming Corp. is taking longer to collect payments from its customers, which may lead to liquidity issues if the company is unable to convert receivables into cash quickly. This could potentially impact the company's cash flow and working capital management.
It is important for Boyd Gaming Corp. to closely monitor and manage its accounts receivables efficiently to ensure timely collection of payments and maintain a healthy cash flow position. Further analysis of the company's credit policies, collection processes, and customer payment trends may be necessary to address any issues contributing to the declining receivables turnover ratio.
Peer comparison
Dec 31, 2023