Caesars Entertainment Corporation (CZR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		14.81	13.91	15.05	5.88	39.58
DSO	days	24.65	26.25	24.25	62.11	9.22

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 14.81
= 24.65

Caesars Entertainment Inc's Days of Sales Outstanding (DSO) is a financial metric that indicates the average number of days it takes for the company to collect revenue after making a sale. A lower DSO is generally preferable as it signifies faster cash inflows and efficient management of accounts receivable.

Analyzing the trend of Caesars' DSO over the past five years, we observe fluctuations in the metric. In 2019, the DSO was notably low at 8.33 days, indicating rapid collection of sales revenue. However, in 2020, the DSO increased significantly to 40.14 days, suggesting a prolonged period for the company to collect on sales made during that year.

Subsequently, in 2021, there was an improvement in DSO to 18.00 days, reflecting better efficiency in accounts receivable management. This trend continued in 2022 with a DSO of 20.61 days, which was slightly higher than the previous year but still at a reasonable level.

Notably, by the end of 2023, the DSO decreased further to 19.25 days, indicating that Caesars may have enhanced its collection process even more, resulting in quicker conversion of sales to cash.

Overall, the trend in Caesars Entertainment Inc's DSO demonstrates fluctuations but with a general favorable trajectory towards lower values in recent years, reflecting potential improvements in the company's accounts receivable management efficiency.