Wynn Resorts Limited (WYNN)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		17.68	15.33	16.89	8.28	17.84
DSO	days	20.64	23.82	21.60	44.10	20.46

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 17.68
= 20.64

Wynn Resorts Ltd.'s Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. A lower DSO indicates better cash flow management and efficient collections, while a higher DSO may suggest potential issues with collection processes.

Analyzing Wynn Resorts Ltd.'s DSO over the past five years, we observe fluctuations in the collection efficiency. In 2020, the DSO was notably higher at 34.86 days, which could indicate difficulties in collecting revenue promptly during that period. However, in subsequent years, the DSO improved significantly, with 2019 and 2023 showing relatively low DSO figures of 19.13 days and 19.09 days, respectively.

The decrease in DSO in recent years may indicate enhanced effectiveness in collecting receivables promptly, resulting in improved cash flow for the company. It is essential for Wynn Resorts Ltd. to maintain a focus on efficient accounts receivable management to sustain this positive trend and ensure optimal working capital management.