Caesars Entertainment Corporation (CZR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.76 | 8.89 | 13.89 | 15.36 | 11.46 | |
| Number of days of payables | days | 28.60 | 41.06 | 26.27 | 23.77 | 31.86 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.76
= 28.60
Caesars Entertainment Corporation's number of days of payables has shown some fluctuations over the years. In 2020, the company took approximately 31.86 days on average to pay its suppliers and vendors. This number decreased in 2021 to 23.77 days, indicating an improvement in the efficiency of managing payables. However, in 2022, the number increased slightly to 26.27 days. The trend continued in 2023 with the number of days of payables significantly rising to 41.06 days, suggesting a potential delay in paying suppliers compared to the previous years. By 2024, the number decreased to 28.60 days, indicating a possible effort to bring payables back to a more manageable level. Overall, the fluctuation in the number of days of payables may reflect changes in the company's working capital management and relationships with suppliers.
Peer comparison
Dec 31, 2024