Wynn Resorts Limited (WYNN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,748,725	1,780,490	1,885,202	1,871,272	1,855,750	1,808,649	1,653,602	1,592,690	1,573,661	1,566,118	1,561,687	1,577,186	1,529,675	1,484,102	1,453,568	1,403,754	1,452,857	1,502,950	1,578,747	1,657,590
Payables	US$ in thousands	205,146	212,989	200,652	176,420	208,263	187,898	178,486	183,183	197,474	139,154	153,816	164,934	170,542	154,663	168,143	133,212	148,478	146,427	215,832	194,226
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,748,725K ÷ $205,146K
= 8.52

The payables turnover ratio of Wynn Resorts Limited has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is managing its accounts payable. A higher payables turnover ratio suggests that the company is paying off its suppliers more quickly.

1. The ratio was 8.53 on March 31, 2020, and decreased to 7.31 by June 30, 2020, indicating a decrease in the speed of paying off suppliers during this period.

2. The ratio improved to 10.26 by September 30, 2020, and remained relatively high at 9.78 by December 31, 2020, suggesting a better management of accounts payable during this period.

3. The ratio continued to increase to 10.54 by March 31, 2021, showing further improvement in managing payables.

4. However, there was a slight decrease to 8.64 by June 30, 2021, before recovering to 9.60 by September 30, 2021.

5. The ratio then declined to 8.97 by December 31, 2021, but recovered to 9.56 by March 31, 2022.

6. Wynn Resorts achieved a higher payables turnover ratio of 10.15 by June 30, 2022, and further improved to 11.25 by September 30, 2022.

7. The ratio decreased to 7.97 by December 31, 2022, but rebounded to 8.69 by March 31, 2023.

8. Subsequently, the ratio increased to 9.26 by June 30, 2023, and further to 9.63 by September 30, 2023.

9. However, there was a slight decrease to 8.91 by December 31, 2023, before rising significantly to 10.61 by March 31, 2024.

10. The ratio then decreased to 9.40 by June 30, 2024, followed by a further decline to 8.36 by September 30, 2024, and a marginal increase to 8.52 by December 31, 2024.

Overall, the payables turnover ratio of Wynn Resorts Limited has shown variability over time, reflecting fluctuations in the company's efficiency in managing its accounts payable during the period analyzed.