Caesars Entertainment Corporation (CZR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 | 2,284,080 |
| Receivables | US$ in thousands | 608,000 | 611,000 | 472,000 | 382,000 | 57,705 |
| Receivables turnover | 14.81 | 13.91 | 15.05 | 5.88 | 39.58 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,002,000K ÷ $608,000K
= 14.81
Caesars Entertainment Inc's receivables turnover ratio has demonstrated fluctuations over the past five years. In 2019, the ratio was notably high at 43.81, indicating that the company collected its accounts receivable approximately 44 times during that year. However, in 2020, the ratio dropped to 9.09, suggesting a significant decrease in the frequency of collection during that period.
The subsequent years, 2021 and 2022, saw improvements in the receivables turnover ratio to 20.28 and 17.71, respectively, indicating a better ability to collect outstanding receivables compared to 2020, though not reaching the peak achieved in 2019.
The most recent data for 2023 shows a slight increase in the receivables turnover ratio to 18.96, suggesting a continued focus on efficient collection of accounts receivable.
Overall, while there have been fluctuations in Caesars Entertainment Inc's receivables turnover ratio over the past five years, the general trend seems to be moving towards better management and collection of receivables, with 2019 being an exceptional year in terms of speed of collection.
Peer comparison
Dec 31, 2023