Golden Entertainment Inc (GDEN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,350,630 | 1,114,980 | 1,089,710 | 688,224 | 954,234 |
| Receivables | US$ in thousands | 16,951 | 20,495 | 18,720 | 13,708 | 16,247 |
| Receivables turnover | 79.68 | 54.40 | 58.21 | 50.21 | 58.73 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,350,630K ÷ $16,951K
= 79.68
The receivables turnover for Golden Entertainment Inc over the past five years has shown a fluctuating trend. In 2023, the company's receivables turnover improved to 62.13 times, compared to 54.73 in 2022. This indicates that the company collected its accounts receivables more efficiently in 2023.
Although there was some variability in the receivables turnover ratio from year to year, the overall trend suggests that Golden Entertainment Inc has been fairly effective in managing its accounts receivables turnover. An increasing receivables turnover ratio may indicate that the company is collecting its outstanding receivables more quickly and efficiently. However, it is important to consider industry benchmarks and compare the ratio to peers to get a better understanding of the company's performance in managing its receivables turnover.
Peer comparison
Dec 31, 2023