Caesars Entertainment Corporation (CZR)

Days of sales outstanding (DSO)

		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
Receivables turnover		14.81	16.06	16.75	16.18	13.91	16.40	16.19	16.96	14.88	14.96	14.82	11.76	9.53	6.48	36.68	48.51	40.40	47.30	36.04	30.18
DSO	days	24.65	22.73	21.80	22.55	26.25	22.26	22.54	21.52	24.53	24.39	24.62	31.03	38.32	56.34	9.95	7.52	9.03	7.72	10.13	12.09

December 31, 2023 calculation

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

To analyze Caesars Entertainment Inc's Days of Sales Outstanding (DSO) over the past eight quarters, we observe a declining trend in DSO from Q4 2022 to Q1 2023, indicating that the company has been more efficient in collecting its accounts receivable within a shorter period.

The DSO decreased from 20.61 days in Q4 2022 to 16.82 days in Q2 2023, reflecting an improvement in the company's receivables management. However, there was a slight uptick in Q3 2023 to 17.58 days before a further decrease to 19.25 days in Q4 2023.

Overall, the trend suggests that Caesars Entertainment Inc has been successful in accelerating its accounts receivable turnover and collection process, which can positively impact its liquidity and cash flow position. Continued monitoring of DSO is crucial to ensure efficient working capital management and timely collection of sales proceeds.