Caesars Entertainment Corporation (CZR)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		23.87	14.81	13.91	15.05	5.88
DSO	days	15.29	24.65	26.25	24.25	62.11

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.87
= 15.29

The Days of Sales Outstanding (DSO) is a financial ratio used to measure the average number of days it takes a company to collect payment after making a sale. For Caesars Entertainment Corporation, the DSO has shown a decreasing trend over the past five years, starting at 62.11 days on December 31, 2020, and decreasing to 15.29 days as of December 31, 2024.

This improvement in DSO indicates that Caesars Entertainment has been able to collect payments from its customers more efficiently over time. A lower DSO implies that the company is managing its accounts receivable effectively, which can lead to improved cash flows and working capital management.

Overall, the decreasing trend in DSO for Caesars Entertainment Corporation is a positive indicator of the company's ability to collect payments promptly and efficiently, which can contribute to its financial stability and profitability.