Wynn Resorts Limited (WYNN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 | 6,181,400 |
| Receivables | US$ in thousands | 341,712 | 216,033 | 199,463 | 200,158 | 346,429 |
| Receivables turnover | 17.68 | 15.33 | 16.89 | 8.28 | 17.84 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,041,540K ÷ $341,712K
= 17.68
The receivables turnover ratio of Wynn Resorts Ltd. has fluctuated over the past five years. The ratio was 19.12 in 2023, indicating that the company collected its receivables approximately 19 times during the year. This represents an improvement from the previous year's ratio of 17.39. In 2021, the ratio was 18.87, showing a slight decrease from the prior year.
The significant increase in receivables turnover in 2020 to 10.47 may suggest that the company took longer to collect its receivables during that period, potentially due to economic challenges or changes in the industry. However, the ratio bounced back to 19.08 in 2019, indicating more efficient collection of receivables compared to 2020.
Overall, the upward trend in the receivables turnover ratio in recent years suggests that Wynn Resorts Ltd. has been improving its collection efficiency, which is a positive sign for its financial health and liquidity.
Peer comparison
Dec 31, 2023