MGM Resorts International (MGM)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		11.94	20.84	12.78	23.57	14.89
Number of days of payables	days	30.56	17.51	28.56	15.49	24.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.94
= 30.56

The number of days of payables for MGM Resorts International has exhibited a varying trend over the past five years. In 2023, the company took approximately 19.70 days to pay its payables, which is a slight decrease from the previous year's figure of 20.29 days. This indicates that the company improved its efficiency in managing its payables in 2023.

Comparing to 2021, there was a slight increase in the number of days of payables from 19.09 days to 19.70 days in 2023. This may suggest a slight slowdown in the payment processing or negotiation terms with suppliers during the year.

In contrast, there was a notable increase in the number of days of payables from 15.07 days in 2020 to 19.09 days in 2021, indicating a lengthening of the payment cycle during that period. However, the company has shown a consistent improvement in managing payables compared to 2019, where it took 11.30 days to pay its payables.

Overall, the trend in MGM Resorts International's number of days of payables reflects fluctuations in the efficiency of managing its payment obligations, with some years showing improvements while others show a slight increase in payment days.