Wynn Resorts Limited (WYNN)

Number of days of payables

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
Payables turnover 8.52 8.36 9.40 10.61 8.91 9.63 9.26 8.69 7.97 11.25 10.15 9.56 8.97 9.60 8.64 10.54 9.78 10.26 7.31 8.53
Number of days of payables days 42.82 43.66 38.85 34.41 40.96 37.92 39.40 41.98 45.80 32.43 35.95 38.17 40.69 38.04 42.22 34.64 37.30 35.56 49.90 42.77

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.52
= 42.82

The number of days of payables for Wynn Resorts Limited has shown some fluctuations over the periods analyzed. It decreased from 42.77 days as of March 31, 2020, to 32.43 days as of September 30, 2022, which indicates the company's ability to pay its suppliers more quickly within that period. However, the number of days of payables increased to 45.80 days by December 31, 2022, and then gradually decreased again to 42.82 days as of December 31, 2024.

On average, Wynn Resorts Limited takes around 40 days to pay its payables, based on the data available. This metric provides insight into the company's efficiency in managing its accounts payable. A lower number of days of payables suggests the company is paying its suppliers more quickly or negotiating more favorable payment terms. Conversely, a higher number of days of payables may indicate liquidity challenges or a strategic decision to delay payments.

It's important to consider this ratio in conjunction with other financial metrics and industry benchmarks to assess Wynn Resort Limited's overall financial health and operational efficiency.