Wynn Resorts Limited (WYNN)

Days of sales outstanding (DSO)

		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
Receivables turnover		22.75	17.14	20.74	21.70	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
DSO	days	16.04	21.29	17.60	16.82	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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 22.75
= 16.04

Days of Sales Outstanding (DSO) is a financial ratio that indicates the average number of days it takes for a company to collect its accounts receivable. A lower DSO signifies that the company is collecting payments from its customers more quickly, which is generally seen as a positive indicator of financial health.

Analyzing the DSO trend for Wynn Resorts Limited from March 31, 2020, to December 31, 2024, we observe fluctuations in the number of days it takes the company to collect its sales revenue. The DSO has shown a downward trend over this period, starting at 25.58 days in March 2020 and reaching a low of 16.04 days by December 31, 2024.

The decrease in DSO indicates that Wynn Resorts has been improving its efficiency in collecting payments from customers over time. A declining DSO could suggest tighter credit policies, improved accounts receivable management, or a more streamlined billing and collection process within the company.

A lower DSO can have positive implications for cash flow, liquidity, and working capital management. It may also suggest that the company is effectively managing credit risk and maintaining good relationships with its customers. It is important for investors and analysts to monitor DSO trends as it reflects the company's effectiveness in managing its accounts receivable and cash flow position.