Golden Entertainment Inc (GDEN)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,350,633 | 1,403,326 | 1,118,335 | 1,119,614 | 1,114,981 | 1,116,291 | 1,119,457 | 1,123,725 | 1,089,708 | 1,013,594 | 937,729 | 721,144 | 688,224 | 729,843 | 766,624 | 939,705 | 970,535 | 938,526 | 906,660 | 876,094 |
| Receivables | US$ in thousands | 16,951 | 16,720 | 12,616 | 15,097 | 20,495 | 20,951 | 18,559 | 20,535 | 18,720 | 20,773 | 80,613 | 15,087 | 13,708 | 13,317 | 13,763 | 11,979 | 16,247 | 13,940 | 15,348 | 16,129 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,350,633K ÷ $16,951K
= 79.68
The receivables turnover for Golden Entertainment Inc has shown fluctuations over the past eight quarters. The highest turnover ratio was recorded in Q2 2023 at 89.05, indicating that the company collected its accounts receivable 89.05 times during that quarter. This high turnover implies that the company has been efficient in collecting outstanding receivables.
Although there have been some fluctuations in the turnover ratio over the quarters, overall, Golden Entertainment Inc has maintained a relatively healthy turnover rate, indicating effective management of its accounts receivable. The company's ability to collect receivables quickly is crucial for maintaining cash flow and operational efficiency.
Peer comparison
Dec 31, 2023