Caesars Entertainment Corporation (CZR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,411,144 | 2,274,406 | 2,135,269 |
| Receivables | US$ in thousands | 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 | 50,973 | 63,102 | 70,743 |
| Receivables turnover | 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 | 47.30 | 36.04 | 30.18 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,002,000K ÷ $608,000K
= 14.81
Caesars Entertainment Inc's receivables turnover ratio has shown fluctuations over the past eight quarters. The receivables turnover ratio indicates how efficient the company is in collecting its receivables from customers. A higher ratio suggests that the company is collecting receivables more quickly.
Looking at the data, we observe that the receivables turnover ratios have been relatively high, ranging from 17.71 to 22.58 over the past eight quarters. This indicates that Caesars Entertainment Inc has been efficiently collecting its accounts receivables during this period.
The trend shows some variability, with a peak in Q1 2022 at 22.58 and a low in Q4 2022 at 17.71. Despite these fluctuations, the ratios have generally remained above 20, signaling good management of receivables.
Analyzing the trend over time, we see that the company has maintained a healthy level of receivables turnover, indicating effective credit management and collection practices. This consistency suggests that Caesars Entertainment Inc has been successful in promptly converting its credit sales into cash, which is a positive sign of financial health and liquidity.
Peer comparison
Dec 31, 2023