Monarch Casino & Resort Inc (MCRI)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		38.55	13.79	11.04	6.44	44.15
DSO	days	9.47	26.47	33.07	56.67	8.27

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 38.55
= 9.47

Based on the data provided for Monarch Casino & Resort, Inc., the days of sales outstanding (DSO) have shown fluctuations over the past five years.

In 2019, the DSO was at a relatively low level of 8.27 days, indicating that the company was able to collect its accounts receivable quickly. However, in 2020, the DSO increased significantly to 56.67 days, suggesting a delay in collecting payments from customers.

Subsequently, there was an improvement in the DSO in 2021, which decreased to 33.07 days. This could indicate better management of accounts receivable and a more efficient collection process.

In 2022, the DSO further decreased to 26.39 days, showing continued progress in managing accounts receivable. Finally, in 2023, the DSO dropped to 9.46 days, reaching a relatively lower level compared to previous years.

Overall, the trend in the DSO for Monarch Casino & Resort, Inc. has been varying over the years, with fluctuations reflecting changes in the company's ability to collect payments from customers in a timely manner. It is essential for the company to continue monitoring and improving its accounts receivable management to ensure efficient cash flow and financial performance.