Wynn Resorts Limited (WYNN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.91 | 8.01 | 8.97 | 9.79 | 6.19 | |
| Number of days of payables | days | 40.95 | 45.59 | 40.69 | 37.30 | 59.00 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.91
= 40.95
Wynn Resorts Ltd.'s number of days of payables has fluctuated over the past five years. As of December 31, 2023, the company had 20.52 days of payables, showing an improvement compared to the previous year. This indicates that Wynn Resorts was able to manage its accounts payable more efficiently in 2023.
In 2022, the number of days of payables was 30.25 days, which was higher than in 2021 when it was 24.05 days. This suggests a delay in the company's payments to its creditors in 2022 compared to 2021.
Furthermore, in 2020 and 2019, the number of days of payables were 31.09 days and 23.55 days, respectively, showing some fluctuations in the company's payables management over these years.
Overall, the decreasing trend in the number of days of payables from 2022 to 2023 indicates an improvement in Wynn Resorts Ltd.'s ability to manage its accounts payable efficiently and potentially negotiate better terms with its suppliers.
Peer comparison
Dec 31, 2023