Caesars Entertainment Corporation (CZR)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Receivables turnover		21.32	20.58	16.44	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
DSO	days	17.12	17.74	22.20	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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 21.32
= 17.12

The days of sales outstanding (DSO) for Caesars Entertainment Corporation have fluctuated over the period examined. From December 2019 to March 2020, the DSO decreased from 9.03 days to 7.52 days, indicating a more efficient collection of receivables. However, there was a significant increase in DSO between March 2020 and September 2020, reaching a high of 56.34 days. This sharp increase may suggest challenges in collecting sales proceeds during that period.

Subsequently, from September 2020 to December 2024, the DSO gradually decreased, indicating an improvement in the collection of receivables. The trend of decreasing DSO suggests that the company became more efficient in converting its sales into cash during this period.

The most recent data as of December 2024 shows a DSO of 17.12 days, indicating that Caesars Entertainment Corporation has improved its accounts receivable management compared to the previous quarters. Overall, the trend in DSO reflects the company's ability to efficiently collect payments from its customers, with lower DSO values generally being more favorable.