Wynn Resorts Limited (WYNN)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		17.68	20.69	19.33	16.57	15.33	16.09	18.77	19.19	16.84	13.54	9.56	6.84	8.28	14.59	13.12	14.27	17.84	22.07	21.96	25.25
DSO	days	20.64	17.64	18.88	22.03	23.82	22.68	19.44	19.02	21.68	26.96	38.17	53.36	44.10	25.02	27.82	25.58	20.46	16.54	16.62	14.46

December 31, 2023 calculation

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

Days Sales Outstanding (DSO) is a key metric used to measure the average number of days a company takes to collect revenue after making a sale. A lower DSO indicates quicker collections, which is generally favorable as it implies more efficient cash flow management.

Analyzing Wynn Resorts Ltd.'s DSO over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the DSO was 19.09 days, representing a slight increase from the previous quarter's 15.98 days. Despite this uptick, the current DSO remains relatively moderate compared to historical figures, suggesting the company may be facing challenges in collecting revenue promptly.

Further back, in Q1 2023, the DSO stood at 19.63 days, indicating a longer collection period than the recent quarter. However, compared to the same period in the prior year (Q1 2022), there has been a noticeable improvement in collections efficiency, as the DSO has decreased by approximately 2.53 days.

Overall, Wynn Resorts Ltd.'s DSO has shown variability in recent quarters, with fluctuations potentially reflecting changes in the company's credit policies, customer payment behavior, or the overall economic environment. It would be beneficial for the company to closely monitor and manage its DSO to ensure optimal working capital management and operational efficiency.