Caesars Entertainment Corporation (CZR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		8.89	13.89	15.36	11.46	14.11
Number of days of payables	days	41.06	26.27	23.77	31.86	25.88

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.89
= 41.06

Caesars Entertainment Inc's number of days of payables has shown fluctuations over the past five years. In 2023, the company took approximately 27.60 days to pay its suppliers on average, representing an increase from the prior year. This could indicate that the company is taking longer to settle its payables, which may be a cause for further investigation. Comparing the current year to 2021 and 2019, the number of days of payables has increased significantly, suggesting a potential change in the company's payment practices. It is essential to monitor this trend to understand the impact on the company's working capital management and relationships with suppliers.