Golden Entertainment Inc (GDEN)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 79.68 | 83.93 | 88.64 | 74.16 | 54.40 | 53.28 | 60.32 | 54.72 | 58.21 | 48.79 | 11.63 | 47.80 | 50.21 | 54.81 | 55.70 | 78.45 | 59.74 | 67.33 | 59.07 | 54.32 | |
| DSO | days | 4.58 | 4.35 | 4.12 | 4.92 | 6.71 | 6.85 | 6.05 | 6.67 | 6.27 | 7.48 | 31.38 | 7.64 | 7.27 | 6.66 | 6.55 | 4.65 | 6.11 | 5.42 | 6.18 | 6.72 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 79.68
= 4.58
Golden Entertainment Inc's days of sales outstanding (DSO) measure the average number of days it takes for the company to collect payments from its customers after making sales. A lower DSO indicates faster payment collection, which is generally positive for cash flow management.
Analyzing the trend in Golden Entertainment Inc's DSO over the past eight quarters, we can see that there has been a general downward trend in the DSO figures, from 6.67 days in Q4 2022 to 4.10 days in Q2 2023. This indicates that the company has been improving its collections process and is able to convert its sales into cash more efficiently over time.
The significant decrease in DSO from Q3 2023 to Q2 2023 suggests a notable improvement in the company's accounts receivable management during this period. However, it is important to note that the DSO increased slightly in Q4 2023 compared to the previous quarter, which could warrant further investigation to understand the reasons behind this fluctuation.
Overall, the decreasing trend in Golden Entertainment Inc's DSO indicates effectiveness in managing receivables and improving cash flow, which can be a positive indicator of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023