Boyd Gaming Corporation (BYD)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	3,601,616	3,606,409	3,586,859	3,554,099	3,419,413	3,311,475	3,268,060	3,199,581	3,075,213	2,902,128	2,693,719	2,070,962	2,004,050	2,201,313	2,371,540	3,066,925	3,265,708	3,224,200	3,076,731	2,847,900
Receivables	US$ in thousands	141,400	104,800	113,157	103,028	111,611	86,518	91,735	97,096	89,483	55,673	57,514	62,863	53,464	44,118	40,711	43,045	60,464	56,675	67,818	64,339
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,601,616K ÷ $141,400K
= 25.47

Boyd Gaming Corp.'s receivables turnover ratio has shown some fluctuation in recent quarters. The trend indicates that the company is collecting its accounts receivable more efficiently. An increasing trend in the receivables turnover ratio suggests that Boyd Gaming Corp. is able to collect its outstanding receivables faster, which is a positive sign of effective credit management. The most recent ratio of 26.44 in Q4 2023, while lower than the previous quarter, is relatively high compared to historical values, indicating that the company is still managing its receivables effectively. Overall, the company's receivables turnover ratio reflects a healthy balance between sales and the collection of accounts receivable.