Caesars Entertainment Corporation (CZR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,022,000 | 9,652,000 | 9,059,000 | 9,002,000 | 8,914,000 | 8,808,000 | 8,788,000 | 8,497,000 | 8,297,000 | 8,000,000 | 7,631,000 | 7,022,000 | 6,554,000 | 6,226,000 | 4,375,334 | 3,638,781 | 2,733,905 | 1,646,701 | 2,153,324 | 2,331,508 |
| Receivables | US$ in thousands | 470,000 | 469,000 | 551,000 | 608,000 | 555,000 | 526,000 | 543,000 | 611,000 | 506,000 | 494,000 | 450,000 | 472,000 | 438,000 | 420,000 | 372,000 | 382,000 | 422,000 | 44,890 | 44,389 | 57,705 |
| Receivables turnover | 21.32 | 20.58 | 16.44 | 14.81 | 16.06 | 16.75 | 16.18 | 13.91 | 16.40 | 16.19 | 16.96 | 14.88 | 14.96 | 14.82 | 11.76 | 9.53 | 6.48 | 36.68 | 48.51 | 40.40 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,022,000K ÷ $470,000K
= 21.32
The receivables turnover ratio for Caesars Entertainment Corporation has fluctuated over the observed period. The ratio measures how effectively the company is able to collect payments owed by customers.
From December 2019 to September 2020, the receivables turnover ratio increased significantly, indicating that the company was collecting payments more efficiently. However, in the following quarters, from December 2020 to March 2021, there was a decrease in the ratio, suggesting potential challenges in collecting receivables.
Subsequently, from June 2021 to December 2024, the receivables turnover ratio showed a generally increasing trend, peaking at 21.32 at the end of December 2024. This improvement indicates that Caesars Entertainment Corporation was becoming more efficient in collecting receivables over time.
Overall, it is important to monitor the receivables turnover ratio closely to ensure that the company is able to maintain a healthy balance between extending credit to customers and efficiently collecting payments for goods or services rendered.
Peer comparison
Dec 31, 2024