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.