Monarch Casino & Resort Inc (MCRI)

Number of days of payables

		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
Payables turnover		4.59	5.22	6.68	6.47	6.78	5.79	5.46	4.59	4.57	5.54	5.65	5.37	5.53	8.70	20.56	26.99	12.30	18.47	17.59	20.98
Number of days of payables	days	79.50	69.95	54.60	56.42	53.86	63.01	66.87	79.44	79.83	65.84	64.64	68.01	66.06	41.93	17.75	13.52	29.67	19.76	20.74	17.40

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 shown fluctuations over the past eight quarters. In Q4 2023, the company's number of days of payables was 116.79 days, which was higher compared to Q3 2023 at 112.06 days. This indicates that the company took longer to settle its accounts payable in Q4 2023.

Looking at the trend over the last two years, there has been some variability in the number of days of payables, with peaks in Q1 2022 at 138.68 days and troughs in Q2 2023 at 104.95 days. Overall, the number of days of payables has fluctuated between 104.95 days and 138.68 days, with no clear increasing or decreasing trend.

It is important to note that a high number of days of payables may suggest that Monarch Casino & Resort, Inc. is taking longer to pay its creditors, which could potentially strain relationships with suppliers. On the other hand, a low number of days of payables may indicate a more efficient use of working capital but could also signal potential liquidity issues if the company is struggling to meet its payment obligations on time.