Wynn Resorts Limited (WYNN)

Receivables 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
Revenue (ttm)	US$ in thousands	7,372,650	6,666,970	6,588,390	6,448,030	6,041,540	5,159,544	4,442,929	3,766,258	3,310,708	3,379,932	3,498,822	3,587,922	3,358,884	3,004,247	2,352,118	1,472,938	1,656,562	2,608,751	3,887,865	5,432,936
Receivables	US$ in thousands	324,016	388,858	317,643	297,192	341,712	249,367	229,794	227,332	216,033	210,032	186,380	187,007	199,463	221,933	245,959	215,337	200,158	178,826	296,318	380,771
Receivables turnover		22.75	17.14	20.74	21.70	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,372,650K ÷ $324,016K
= 22.75

The receivables turnover for Wynn Resorts Limited has shown fluctuations over the years. The ratios indicate how efficiently the company is collecting payments from its customers.

From March 2020 to March 2021, the receivables turnover rate decreased from 14.27 to 6.84, suggesting a potential issue with collecting receivables efficiently during that period. However, there was a slight improvement in the turnover ratio in the subsequent quarters.

From December 2021 to March 2024, the receivables turnover ratios improved consistently, indicating that the company was more effective in collecting payments from customers. The ratio increased from 16.84 in December 2021 to 22.75 in December 2024, showing a positive trend in managing receivables efficiently.

Overall, the receivables turnover ratios for Wynn Resorts Limited have shown variability but have generally improved from 2021 to 2024, highlighting the company's efforts in enhancing its collection processes and managing receivables effectively.