Wynn Resorts Limited (WYNN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,748,720 | 1,856,250 | 1,581,170 | 1,529,680 | 1,452,860 |
| Payables | US$ in thousands | 205,146 | 208,263 | 197,474 | 170,542 | 148,478 |
| Payables turnover | 8.52 | 8.91 | 8.01 | 8.97 | 9.79 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,748,720K ÷ $205,146K
= 8.52
The payables turnover ratio for Wynn Resorts Limited decreased from 9.79 in December 2020 to 8.97 in December 2021, indicating that the company took longer to pay off its suppliers within the given period. This trend continued in the following years, with the ratio declining to 8.01 in December 2022, 8.91 in December 2023, and 8.52 in December 2024.
A decreasing payables turnover ratio may suggest that Wynn Resorts Limited is taking more time to settle its payables, which could be due to various reasons such as changes in payment terms with suppliers or cash flow constraints. It is important for the company to closely monitor this ratio to ensure efficient management of its accounts payable and maintain healthy relationships with its vendors.
Peer comparison
Dec 31, 2024