Wynn Resorts Limited (WYNN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	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	1,623,557	2,578,334	3,509,228	4,368,712
Payables	US$ in thousands	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	262,437	292,140	432,130	345,527
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,855,750K ÷ $208,263K
= 8.91

The payables turnover ratio for Wynn Resorts Ltd. has shown a fluctuating trend over the past eight quarters. There was a significant increase in Q4 2022 to Q1 2023, indicating that the company was able to pay off its accounts payable more frequently during that period. However, the ratio decreased in Q2 and Q3 2023 before slightly increasing again in Q4 2023.

Overall, the payables turnover ratio for Wynn Resorts Ltd. has generally been on the higher side, suggesting that the company is efficient in managing its accounts payable and paying off its suppliers. A higher payables turnover ratio indicates that the company is able to settle its short-term obligations quickly, which can be a positive sign of liquidity and financial health. It also shows that the company is effectively managing its working capital by efficiently utilizing its accounts payable.