Monarch Casino & Resort Inc (MCRI)

Receivables 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
Revenue (ttm) US$ in thousands 525,742 519,325 514,417 510,431 504,574 496,616 494,378 485,510 477,157 469,036 446,939 427,969 392,852 344,759 291,098 208,535 184,745 182,882 190,498 239,503
Receivables US$ in thousands 11,780 11,941 11,441 10,265 12,996 13,658 12,659 8,004 34,555 34,566 35,697 31,887 35,827 29,951 33,735 31,105 28,630 5,283 6,979 4,288
Receivables turnover 44.63 43.49 44.96 49.73 38.83 36.36 39.05 60.66 13.81 13.57 12.52 13.42 10.97 11.51 8.63 6.70 6.45 34.62 27.30 55.85

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $525,742K ÷ $11,780K
= 44.63

The receivables turnover ratio for Monarch Casino & Resort Inc indicates how efficiently the company is collecting on its accounts receivable. A higher turnover ratio suggests that the company is collecting payments more quickly.

Based on the provided data, we observe fluctuations in the receivables turnover ratio over the periods analyzed. The ratio was relatively high at 55.85 on March 31, 2020, but decreased significantly to 6.45 by December 31, 2020. This drastic decline may indicate potential issues with collecting receivables efficiently during that period.

Subsequently, the ratio gradually improved from 6.70 on March 31, 2021, to 44.63 by December 31, 2024. Overall, the company showed varying levels of effectiveness in collecting receivables during the analyzed period. It is important for Monarch Casino & Resort Inc to continue monitoring this ratio to ensure timely collection of outstanding payments and maintain a healthy cash flow.