MGM Resorts International (MGM)

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 17,240,550 17,269,550 17,059,590 16,674,420 16,164,250 15,380,910 14,823,800 14,146,480 13,127,490 12,592,160 11,883,630 10,886,700 9,680,140 8,116,790 6,535,170 4,557,019 5,162,089 6,853,689 9,042,149 11,975,580
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables turnover — — — — — — — — — — — — — — — — — — — —

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,240,550K ÷ $—K
= —

The receivables turnover ratio for MGM Resorts International is not provided in the data for any of the specified periods. The receivables turnover ratio is a financial metric that measures how efficiently a company is able to collect payments on its credit sales during a specific period.

A higher receivables turnover ratio typically indicates that a company is collecting payments from its customers more quickly, which is generally seen as a positive sign of efficient operations. Conversely, a lower receivables turnover ratio may suggest issues with collection practices or potential problems with credit sales.

Without the specific receivables turnover data for MGM Resorts International, it is not possible to assess the effectiveness of the company's credit collection efforts or to make any meaningful comparisons with industry benchmarks or historical performance. It would be important for stakeholders and investors to have this data to better understand the company's financial management and operational efficiency in managing its accounts receivable.