MGM Resorts International (BSP:M1GM34) Accounts Payable & Accrued Expense : R$11,836 Mil (As of Dec. 2023)

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What is MGM Resorts International Accounts Payable & Accrued Expense?

MGM Resorts International's quarterly accounts payable & accrued expense increased from Jun. 2023 (R$12,882 Mil) to Sep. 2023 (R$14,062 Mil) but then declined from Sep. 2023 (R$14,062 Mil) to Dec. 2023 (R$11,836 Mil).

MGM Resorts International's annual accounts payable & accrued expense increased from Dec. 2021 (R$9,392 Mil) to Dec. 2022 (R$9,796 Mil) and increased from Dec. 2022 (R$9,796 Mil) to Dec. 2023 (R$11,836 Mil).

MGM Resorts International Accounts Payable & Accrued Expense Historical Data

The historical data trend for MGM Resorts International's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MGM Resorts International Accounts Payable & Accrued Expense Chart

MGM Resorts International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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7,681.87

6,777.46

9,391.87

9,795.91

11,835.56

MGM Resorts International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															9,795.91	14,029.64	12,881.62	14,062.23	11,835.56

MGM Resorts International Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

MGM Resorts International (BSP:M1GM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (BSP:M1GM34) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MGM:USA MGM:Mexico MGG:Germany MGG:Germany

Address

3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.mgmresorts.com

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 74% of total EBITDAR in 2022. MGM also owns U.S. regional assets, which represented 31% of 2022 EBITDAR (MGM's Macao EBITDAR was negative in 2022). MGM's U.S. sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

MGM Resorts International (BSP:M1GM34) Headlines

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