Golden Entertainment Inc (GDEN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 19.12 | 15.75 | 18.53 | 18.89 | 13.35 | 18.07 | 16.53 | 14.04 | 17.22 | 14.85 | 15.46 | 12.30 | 12.79 | 12.63 | 8.55 | 11.46 | 11.54 | 11.61 | 10.40 | 12.30 | |
| Number of days of payables | days | 19.09 | 23.17 | 19.70 | 19.32 | 27.33 | 20.20 | 22.08 | 26.00 | 21.20 | 24.57 | 23.61 | 29.67 | 28.55 | 28.90 | 42.70 | 31.84 | 31.63 | 31.45 | 35.11 | 29.66 |
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 exhibited variability over the past eight quarters. In Q3 2023, the company had a notably high number of days of payables at 50.78 days, indicating that it takes approximately 50 days on average to pay its suppliers. This is a significant increase from the previous quarter where the number of days of payables was only 11.82 days.
However, in Q2 and Q1 2023, the number of days of payables decreased to 10.87 days and 10.38 days, respectively. This suggests that the company was able to manage its payables more efficiently during those periods.
Looking back further, in Q4 2022, the number of days of payables was 14.88 days, which was slightly higher compared to Q3 2022 (11.19 days) and Q2 2022 (12.21 days). Q1 2022 also saw an increase in the number of days of payables at 14.44 days.
Overall, the trend in the number of days of payables for Golden Entertainment Inc indicates some variability, with fluctuations in how quickly the company pays its suppliers. The high number of days of payables in Q3 2023 may warrant further investigation into the company's cash flow management and supplier relationships.
Peer comparison
Dec 31, 2023