Monarch Casino & Resort Inc (MCRI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.63 | 4.59 | 6.78 | 16.45 | 14.51 | |
| Number of days of payables | days | 138.76 | 79.50 | 53.86 | 22.19 | 25.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.63
= 138.76
The number of days of payables for Monarch Casino & Resort Inc has been fluctuating over the years.
- As of December 31, 2020, the company took approximately 25.15 days to pay its payables.
- By December 31, 2021, the number of days decreased to around 22.19 days, indicating a more efficient payment cycle.
- However, there was a significant increase by December 31, 2022, with the number of days of payables reaching 53.86 days.
- This trend continued in subsequent years, with the number of days of payables extending to 79.50 days as of December 31, 2023, and further increasing to 138.76 days by December 31, 2024.
The rising number of days of payables suggests that Monarch Casino & Resort Inc may be taking longer to pay its outstanding liabilities, which could potentially impact its working capital management and relationships with suppliers if not managed effectively.
Peer comparison
Dec 31, 2024