Wynn Resorts Limited (WYNN)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 24.56 24.09 23.30 23.02 22.45 22.93 22.61 21.83 21.86 23.17 21.99 21.51 21.92 20.41 18.62 19.23 18.34 32.03 42.92 64.84
Receivables turnover 17.68 20.69 19.33 16.57 15.33 16.09 18.77 19.19 16.84 13.54 9.56 6.84 8.28 14.59 13.12 14.27 17.84 22.07 21.96 25.25
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
Working capital turnover 2.96 2.05 1.48 1.31 1.49 4.91 4.64 2.37 2.12 1.91 3.48 0.78 0.86 1.20 1.64 3.55 7.08 34.97 — 18.02

Wynn Resorts Ltd.'s activity ratios provide insights into how efficiently the company manages its operations and working capital.

- Inventory turnover has been increasing steadily from Q1 2022 to Q4 2023, indicating that the company is selling its inventory more rapidly. This is a positive sign as it shows effective inventory management.

- Receivables turnover has fluctuated over the quarters but generally shows that Wynn Resorts is collecting its receivables at a moderate pace. A higher turnover would indicate that the company is collecting its receivables more quickly.

- Payables turnover has also been fluctuating, but the trend shows that the company is managing its payables effectively. A higher turnover suggests that the company is paying its suppliers more quickly.

- Working capital turnover has varied significantly over the quarters, reaching a peak in Q3 2022. A lower turnover indicates that the company is effectively utilizing its working capital to generate revenue.

In conclusion, Wynn Resorts Ltd. seems to be effectively managing its inventory, receivables, payables, and working capital based on the analysis of its activity ratios.

Average number of days

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
Days of inventory on hand (DOH) days 14.86 15.15 15.67 15.85 16.26 15.92 16.14 16.72 16.70 15.75 16.60 16.97 16.65 17.88 19.60 18.98 19.90 11.39 8.50 5.63
Days of sales outstanding (DSO) days 20.64 17.64 18.88 22.03 23.82 22.68 19.44 19.02 21.68 26.96 38.17 53.36 44.10 25.02 27.82 25.58 20.46 16.54 16.62 14.46
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

Wynn Resorts Ltd.'s activity ratios provide insight into the management of its working capital and operational efficiency over time.

1. Days of Inventory on Hand (DOH) have shown a declining trend from 10.74 days in Q4 2022 to 7.44 days in Q4 2023. This indicates that the company is holding less inventory on hand, potentially leading to lower storage costs and a faster turnover of goods.

2. Days of Sales Outstanding (DSO) fluctuated but generally decreased sequentially from Q4 2022 to Q4 2023, indicating better efficiency in collecting receivables. The decrease in DSO implies that the company is collecting payments from customers more quickly.

3. Number of Days of Payables increased from 20.43 days in Q3 2022 to 30.25 days in Q4 2022 but then declined to 20.52 days in Q4 2023. This suggests that the company is taking longer to pay its suppliers in Q4 2022, but has since improved in managing its payables.

Overall, the trend in all three activity ratios for Wynn Resorts Ltd. indicates effective management in terms of inventory control, accounts receivable collection, and payables settlement, which are crucial aspects of maintaining liquidity and operational efficiency.

Long-term

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
Fixed asset turnover 0.90 0.77 0.66 0.55 0.48 0.40 0.41 0.41 0.38 0.34 0.26 0.16 0.18 0.28 0.41 0.57 0.64 0.66 0.68 0.70
Total asset turnover 0.43 0.39 0.32 0.27 0.25 0.29 0.30 0.29 0.27 0.24 0.18 0.11 0.12 0.19 0.26 0.38 0.45 0.48 0.49 0.50

Wynn Resorts Ltd.'s long-term activity ratios, specifically the fixed asset turnover and total asset turnover, provide insights into the efficiency with which the company generates revenue from its assets over time.

The fixed asset turnover ratio, which measures how effectively the company uses its fixed assets to generate sales, has been steadily increasing quarter over quarter. This indicates that Wynn Resorts Ltd. has been able to generate more sales per dollar of fixed assets invested, reflecting improved efficiency in the utilization of its long-term assets.

On the other hand, the total asset turnover ratio, which indicates how efficiently the company utilizes all of its assets to generate revenue, shows a fluctuating trend over the quarters. Although the ratio has seen some fluctuations, it generally remains at a low level, implying that Wynn Resorts Ltd. is generating less revenue per dollar of total assets compared to its peers in the industry.

Overall, while the company has shown improvement in its fixed asset turnover, it may need to further focus on optimizing its total asset turnover to enhance overall operational efficiency and maximize revenue generation from its total asset base. Monitoring and analyzing these long-term activity ratios can help stakeholders evaluate the company's operational efficiency and performance in the long run.