Caesars Entertainment Corporation (CZR)

Number of days of payables

		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
Payables turnover		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	17.94	14.61	8.27
Number of days of payables	days	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	20.34	24.98	44.16

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.42
= 38.73

Caesars Entertainment Inc's number of days of payables has shown some fluctuations in recent quarters. In Q4 2023, the number of days of payables was 27.60 days, which increased compared to the previous quarter but remained relatively consistent with historical trends.

The company's payables turnover has been relatively stable, with Q2 2023 showing the lowest number of days of payables at 20.68 days. This indicates that Caesars Entertainment is managing its payables efficiently, with a shorter time frame for paying off its debts to suppliers.

Overall, the trend in the number of days of payables for Caesars Entertainment Inc suggests that the company is effectively managing its payment obligations to suppliers, maintaining a balance between meeting its financial obligations and managing cash flow efficiently.