Wynn Resorts Limited (WYNN)

Number of days of payables

		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
Payables turnover		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	6.19	8.83	8.12	12.64
Number of days of payables	days	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	59.00	41.36	44.95	28.87

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.91
= 40.96

The number of days of payables for Wynn Resorts Ltd. has shown some fluctuations over the past eight quarters. In Q4 2023 and Q3 2023, the company took around 20.5 to 20.7 days on average to pay off its payables. This indicates a relatively efficient management of its accounts payable during these periods.

However, there was a slight increase in the number of days of payables in Q2 2023, where it took around 22.3 days on average to settle its payables. The number further increased to 25.9 days in Q1 2023, suggesting a potential delay in settling obligations.

Comparing these recent quarters to earlier periods, it is evident that Wynn Resorts Ltd. has shown some improvement in managing its payables efficiently. For instance, in Q4 2022, the company took 30.3 days to pay off its payables, which was significantly higher than the more recent quarters. Overall, a decreasing trend in the number of days of payables indicates an efficient management of working capital and liquidity by the company over the analyzed periods.