Monarch Casino & Resort Inc (MCRI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.63 | 8.21 | 6.28 | 5.03 | 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 | |
| Number of days of payables | days | 138.76 | 44.47 | 58.14 | 72.50 | 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 |
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 shown fluctuations over the years, ranging from as low as 13.52 days to as high as 138.76 days. Generally, a lower number of days of payables indicates that the company is taking less time to pay its suppliers, which may signify strong liquidity or possibly aggressive cash management. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its payables, potentially leading to strained supplier relationships or liquidity issues.
Analyzing the trend, we observe that there was an increase in the number of days of payables from March 31, 2020, to December 31, 2021, peaking at 79.83 days. Subsequently, there was a slight decrease by March 31, 2022, followed by fluctuations in the range of 53.86 to 79.50 days up to December 31, 2023.
The significant decrease observed on December 31, 2024, with only 138.76 days, raises a point of assessment as it suggests a considerable improvement in the speed of payable settlements. It could be an indicator of improved cash flow efficiency or changes in the company's payment policies.
Overall, the number of days of payables for Monarch Casino & Resort Inc fluctuated over the period, indicating variations in the company's approach to managing its payables and relationships with suppliers.
Peer comparison
Dec 31, 2024