Monarch Casino & Resort Inc (MCRI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 521,937 | 501,012 | 476,398 | 395,377 | 184,413 |
| Receivables | US$ in thousands | 11,780 | 12,996 | 34,555 | 35,827 | 28,630 |
| Receivables turnover | 44.31 | 38.55 | 13.79 | 11.04 | 6.44 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $521,937K ÷ $11,780K
= 44.31
The receivables turnover ratio of Monarch Casino & Resort Inc has shown a consistent increase over the years, starting from 6.44 in December 31, 2020, and reaching 44.31 in December 31, 2024. This indicates that the company is collecting its accounts receivable more efficiently each year.
A higher receivables turnover ratio signifies that the company is converting its accounts receivable into cash at a faster rate, which is a positive indicator of liquidity and operational efficiency. It suggests that the company has effective credit policies in place and is successfully managing its receivables.
The significant increase in the receivables turnover ratio from 2020 to 2024 reflects an improvement in the company's collection process, potentially reducing the risk of bad debts and enhancing its overall financial health. This trend indicates that Monarch Casino & Resort Inc is effectively managing its credit sales and optimizing its working capital management.
Peer comparison
Dec 31, 2024