Monarch Casino & Resort (Monarch Casino & Resort) Days Payable : 32.91 (As of Dec. 2023)

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What is Monarch Casino & Resort Days Payable?

Monarch Casino & Resort's average Accounts Payable for the three months ended in Dec. 2023 was $21.3 Mil. Monarch Casino & Resort's Cost of Goods Sold for the three months ended in Dec. 2023 was $59.1 Mil. Hence, Monarch Casino & Resort's Days Payable for the three months ended in Dec. 2023 was 32.91.

The historical rank and industry rank for Monarch Casino & Resort's Days Payable or its related term are showing as below:

MCRI' s Days Payable Range Over the Past 10 Years
Min: 26.82 Med: 29.83 Max: 61.81
Current: 29.49

During the past 13 years, Monarch Casino & Resort's highest Days Payable was 61.81. The lowest was 26.82. And the median was 29.83.

MCRI's Days Payable is ranked worse than
74.53% of 750 companies
in the Travel & Leisure industry
Industry Median: 60.1 vs MCRI: 29.49

Monarch Casino & Resort's Days Payable increased from Dec. 2022 (25.23) to Dec. 2023 (32.91). It may suggest that Monarch Casino & Resort delayed paying its suppliers.

Monarch Casino & Resort Days Payable Historical Data

The historical data trend for Monarch Casino & Resort's Days Payable 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.

* Premium members only.

Monarch Casino & Resort Days Payable Chart

Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.11

61.81

31.04

27.59

29.47

Monarch Casino & Resort Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															23.95	23.87	26.82	32.91	35.15

Competitive Comparison of Monarch Casino & Resort's Days Payable

For the Resorts & Casinos subindustry, Monarch Casino & Resort's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Monarch Casino & Resort's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Days Payable distribution charts can be found below:

* The bar in red indicates where Monarch Casino & Resort's Days Payable falls into.

Monarch Casino & Resort Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Monarch Casino & Resort's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.418	+	23.092)	/	2 )	/	232.303	*	365
=	18.755					/	232.303	*	365
=	29.47

Monarch Casino & Resort's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.536	+	23.092)	/	2 )	/	59.106	*	365 / 4
=	21.314					/	59.106	*	365 / 4
=	32.91

Monarch Casino & Resort Days Payable Related Terms

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Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521