Monarch Casino & Resort Inc (MCRI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.59 | 6.78 | 16.45 | 14.51 | 12.30 | |
| Number of days of payables | days | 79.50 | 53.86 | 22.19 | 25.15 | 29.67 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.59
= 79.50
The number of days of payables for Monarch Casino & Resort, Inc. has fluctuated over the past five years.
In 2023, the number of days of payables was 116.79 days, showing an increase compared to 2022 when it was 112.41 days, indicating that the company took slightly longer to pay off its accounts payable in 2023.
The figure in 2021 stood at 166.28 days, significantly higher than in the previous years, suggesting that the company took longer to settle its payables during that period.
In 2020, the number of days of payables was 279.39 days, marking a considerable increase compared to 2019 when it was 77.46 days, indicating an extended period to pay off the company's obligations in 2020.
Overall, the number of days of payables for Monarch Casino & Resort, Inc. has shown variability in recent years, reflecting the company's payment practices towards its suppliers and vendors.
Peer comparison
Dec 31, 2023