Wynn Resorts Limited (WYNN)

Receivables 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
Revenue (ttm)	US$ in thousands	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	6,181,410	6,325,140	6,515,400	6,558,940
Receivables	US$ in thousands	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	346,429	286,611	296,696	259,804
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,041,540K ÷ $341,712K
= 17.68

The receivables turnover of Wynn Resorts Ltd. has shown some fluctuations over the past eight quarters. In Q4 2023, the receivables turnover ratio was 19.12, indicating that the company collected its receivables approximately 19.12 times during that quarter. This was lower compared to the previous quarter (Q3 2023), where the ratio stood at 22.84.

Overall, the receivables turnover has generally been within the range of 17.39 to 22.84 over the past two years. This suggests that the company has been efficient in collecting payments from its customers, with a higher turnover ratio indicating a faster collection of accounts receivable.

It is important to further analyze the reasons behind the fluctuations in the receivables turnover ratio to understand any changes in the company's credit policies, customer payment behavior, or sales volume that may have impacted this financial metric.