MGM Resorts International (MGM)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,393,540 | 8,553,560 | 6,652,980 | 5,030,610 | 3,452,710 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,393,540K ÷ $—K
= —
The payables turnover ratio for MGM Resorts International is not available for the years ending December 31, 2020, 2021, 2022, 2023, and 2024 based on the provided data. Payables turnover ratio is a financial metric used to evaluate how efficiently a company pays its suppliers. This ratio helps assess the liquidity and cash management practices of a business by measuring how quickly a company pays off its trade payables. A higher payables turnover ratio typically indicates that the company is managing its payables effectively and efficiently. The absence of this data for MGM Resorts International for the specified years limits our ability to assess its payables management and liquidity position using this particular ratio.
Peer comparison
Dec 31, 2024