Caesars Entertainment Corporation (CZR)

Number of days of payables

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
Payables turnover 12.78 13.52 8.55 9.42 12.11 15.11 15.65 13.89 14.22 13.02 7.72 15.30 9.17 13.68 15.57 11.63 5.16 22.59 21.27 14.11
Number of days of payables days 28.56 27.00 42.71 38.73 30.15 24.16 23.32 26.27 25.67 28.04 47.30 23.86 39.81 26.68 23.45 31.39 70.80 16.16 17.16 25.88

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.78
= 28.56

The number of days of payables for Caesars Entertainment Corporation has shown fluctuations over the years based on the data provided. From December 31, 2019, to September 30, 2020, there was a decreasing trend in the number of days of payables, indicating that the company was taking fewer days to pay its liabilities.

However, there was a significant spike in the number of days of payables as of September 30, 2020, which reached 70.80 days. This suggests that Caesars Entertainment Corporation was taking a longer time to pay its creditors during that period, potentially indicating liquidity challenges or changes in payment terms with suppliers.

Subsequently, from December 31, 2020, to March 31, 2023, the number of days of payables remained relatively stable, hovering around the mid-20s to upper 30s. This implies that the company was managing its payables within a moderate timeframe during this period.

There was a slight increase in the number of days of payables as of March 31, 2024, reaching 42.71 days, which could indicate a potential shift in the company's payment practices.

Overall, the analysis of Caesars Entertainment Corporation's number of days of payables reflects fluctuations in the time taken by the company to settle its liabilities, highlighting the importance of monitoring this metric for insights into the company's liquidity management and vendor relationships.