Wynn Resorts Limited (WYNN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,372,660 | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 |
| Receivables | US$ in thousands | 324,016 | 341,712 | 216,033 | 199,463 | 200,158 |
| Receivables turnover | 22.75 | 17.68 | 15.33 | 16.89 | 8.28 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,372,660K ÷ $324,016K
= 22.75
The receivables turnover ratio for Wynn Resorts Limited has shown a consistent upward trend over the past five years. It increased from 8.28 in 2020 to 22.75 in 2024. This indicates that the company is collecting its accounts receivables more efficiently each year. A higher receivables turnover ratio suggests that Wynn Resorts Limited is able to convert its accounts receivables into cash more rapidly, which reflects positively on its liquidity and operational efficiency. Overall, the improving trend in the receivables turnover ratio indicates effective credit management and collection practices by the company.
Peer comparison
Dec 31, 2024