MGM Resorts International (MGM)

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	9,782,080	9,968,360	9,750,700	9,319,440	8,758,870	8,031,000	7,654,060	7,179,980	6,652,980	6,365,170	6,036,790	5,572,620	5,030,607	4,376,277	3,713,614	2,942,334	3,452,707	4,441,687	5,648,820	7,179,270
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,782,080K ÷ $—K
= —

The payables turnover ratio for MGM Resorts International is not provided in the data for the periods from March 31, 2020, to December 31, 2024. Without this data, we are unable to calculate or analyze the payables turnover ratio for the company during this timeframe.

The payables turnover ratio is a financial metric that measures how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit with the average accounts payable during a specific period. A higher payables turnover ratio generally indicates that a company is paying off its trade payables more quickly, which can be a positive sign of liquidity and efficiency in managing vendor relationships.

In the absence of the specific data on payables turnover for MGM Resorts International, it is challenging to evaluate the company's performance in this aspect and draw meaningful conclusions regarding its management of accounts payable. Investors and analysts typically use this ratio in conjunction with other financial metrics to assess a company's overall financial health and operational efficiency.