Monarch Casino & Resort Inc (MCRI)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 108,486 109,306 109,220 107,977 106,019 101,933 100,493 98,635 97,702 95,636 91,675 89,185 84,927 82,797 77,863 66,326 64,395 98,202 135,508 177,566
Payables US$ in thousands 41,243 13,318 17,398 21,448 23,092 19,536 15,034 15,247 14,418 16,510 16,795 19,410 18,575 14,936 13,790 12,358 11,655 11,282 6,591 6,579
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $108,486K ÷ $41,243K
= 2.63

The payables turnover ratio measures how efficiently a company is managing its payables by calculating how many times a company pays off its suppliers within a certain period. For Monarch Casino & Resort Inc, the payables turnover has fluctuated over the years, starting at 26.99 on March 31, 2020, significantly dropping to 4.57 by December 31, 2021, and showing some fluctuations thereafter.

A decreasing payables turnover ratio can indicate that the company is taking longer to pay its suppliers, which could signal potential liquidity issues or strained relationships with vendors. Conversely, an increasing payables turnover ratio may suggest that the company is becoming more efficient in managing its payables.

It is important for stakeholders to monitor changes in the payables turnover ratio over time to assess the company's liquidity position, cash flow management, and relationship with suppliers. Further analysis and comparison with industry benchmarks may provide additional insights into Monarch Casino & Resort Inc's payables management efficiency.