Caesars Entertainment Corporation (CZR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,783,000 | 3,623,000 | 3,752,000 | 3,845,000 | 4,492,000 | 4,517,000 | 4,460,000 | 4,363,000 | 4,266,000 | 4,204,000 | 4,074,000 | 3,886,000 | 3,117,000 | 2,969,000 | 2,303,785 | 1,941,785 | 1,412,667 | 905,410 | 989,392 | 874,545 |
| Payables | US$ in thousands | 296,000 | 268,000 | 439,000 | 408,000 | 371,000 | 299,000 | 285,000 | 314,000 | 300,000 | 323,000 | 528,000 | 254,000 | 340,000 | 217,000 | 148,000 | 167,000 | 274,000 | 40,079 | 46,514 | 62,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,783,000K ÷ $296,000K
= 12.78
The payables turnover ratio for Caesars Entertainment Corporation has fluctuated over the specified periods. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.
From December 31, 2019, to March 31, 2020, there was a significant increase in the payables turnover ratio, showing an improvement in the company's ability to pay off its payables more frequently. The ratio continued to increase until June 30, 2020, indicating a positive trend in managing payables efficiently.
However, from September 30, 2020, to December 31, 2020, there was a notable decline in the payables turnover ratio, suggesting a potential delay in paying off accounts payable during this period. The ratio then fluctuated in the subsequent quarters, showing varying levels of efficiency in managing payables.
Overall, the payables turnover ratio for Caesars Entertainment Corporation has shown some volatility over the periods analyzed, with periods of improvement and decline. It would be important to further investigate the reasons behind these fluctuations to assess the company's overall financial health and liquidity management.
Peer comparison
Dec 31, 2024