Monarch Casino & Resort Inc (MCRI)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 44.31 | 38.55 | 13.79 | 11.04 | 6.44 | |
| DSO | days | 8.24 | 9.47 | 26.47 | 33.07 | 56.67 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 44.31
= 8.24
Monarch Casino & Resort Inc has shown a consistent improvement in its days of sales outstanding (DSO) over the past five years. In December 2020, the DSO was reported at 56.67 days, indicating that it took the company approximately 56.67 days to collect its accounts receivable. However, by December 2024, the DSO had significantly decreased to 8.24 days, indicating a substantial improvement in the efficiency of the company's accounts receivable collection process.
This downward trend in DSO is a positive indicator of Monarch Casino & Resort Inc's ability to manage its receivables effectively. A lower DSO suggests that the company is collecting payments from customers more quickly, which can improve cash flow and overall liquidity. With the DSO decreasing consistently over the years, it indicates that the company has been successful in streamlining its credit and collection policies, resulting in a more efficient working capital management.
Overall, the declining trend in DSO for Monarch Casino & Resort Inc reflects positively on the financial health and operational efficiency of the company, demonstrating its ability to manage and collect receivables in a timely manner.
Peer comparison
Dec 31, 2024