Golden Entertainment Inc (GDEN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.12 | 13.35 | 17.22 | 16.94 | 11.84 | |
| Number of days of payables | days | 19.09 | 27.33 | 21.20 | 21.55 | 30.83 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.12
= 19.09
The number of days of payables for Golden Entertainment Inc has shown a fluctuating trend over the past five years. In 2023, the number of days of payables decreased significantly to 11.82 days from 14.88 days in 2022. This indicates that the company took fewer days to pay its suppliers and vendors in 2023, potentially implying improved cash flow management or negotiation of better payment terms.
Comparing the 2023 figure to the data from 2021 and 2020, where the number of days of payables were 11.95 days and 18.09 days respectively, there seems to be a positive trend of efficiency in managing payables. However, it is important to note that the number of days of payables in 2019 was slightly lower at 19.75 days compared to 2023.
Overall, the decreasing trend in the number of days of payables suggests that Golden Entertainment Inc has been effectively managing its payables, which could positively impact its working capital and liquidity position.
Peer comparison
Dec 31, 2023