Golden Entertainment Inc (GDEN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 79.68 | 54.40 | 58.21 | 50.21 | 58.73 | |
| DSO | days | 4.58 | 6.71 | 6.27 | 7.27 | 6.21 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 79.68
= 4.58
The Days Sales Outstanding (DSO) ratio for Golden Entertainment Inc has shown a fluctuating trend over the past five years. In 2023, the DSO decreased to 5.87 days from 6.67 days in 2022, indicating that the company is collecting its accounts receivable more efficiently. This improvement suggests a stronger cash conversion cycle and better management of credit sales.
Comparing with 2021, the DSO was slightly lower in 2023, which is a positive sign of maintaining efficient accounts receivable collection processes. However, the DSO was higher compared to 2019, where it was at its lowest level of 6.09 days, indicating there may be some room for improvement in accelerating cash collections.
Overall, the declining trend in DSO from 2022 to 2023 is a positive indicator of Golden Entertainment Inc's ability to manage its receivables effectively. Continued monitoring and potential optimization of accounts receivable processes could further enhance the company's cash flow management in the future.
Peer comparison
Dec 31, 2023