Monarch Casino & Resort Inc (MCRI)
Payables turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 108,486 | 106,019 | 97,702 | 305,500 | 169,142 |
Payables | US$ in thousands | 41,243 | 23,092 | 14,418 | 18,575 | 11,655 |
Payables turnover | 2.63 | 4.59 | 6.78 | 16.45 | 14.51 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $108,486K ÷ $41,243K
= 2.63
The payables turnover ratio for Monarch Casino & Resort Inc has shown a decreasing trend over the years, dropping from 14.51 in December 2020 to 2.63 in December 2024. This indicates that the company is taking longer to pay its suppliers compared to previous years. A declining payables turnover ratio may suggest that the company is struggling with its cash flow or facing liquidity issues. It is important for management to closely monitor and address this trend to ensure efficient management of payables and maintain healthy supplier relationships.
Peer comparison
Dec 31, 2024
Company name
Symbol
Payables turnover
Monarch Casino & Resort Inc
MCRI
2.63
Boyd Gaming Corporation
BYD
5.78
Caesars Entertainment Corporation
CZR
12.76
Choice Hotels International Inc
CHH
2.43
Hilton Worldwide Holdings Inc
HLT
1.37
Hyatt Hotels Corporation
H
2.16
Las Vegas Sands Corp
LVS
26.51
Marriott International Inc
MAR
3.13
MGM Resorts International
MGM
11.94
Penn National Gaming Inc
PENN
63.33
Travel + Leisure Co
TNL
—