Caesars Entertainment (FRA:2ER) Days Sales Outstanding : 18.98 (As of Dec. 2023)

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What is Caesars Entertainment Days Sales Outstanding?

Caesars Entertainment's average Accounts Receivable for the three months ended in Dec. 2023 was €539 Mil. Caesars Entertainment's Revenue for the three months ended in Dec. 2023 was €2,591 Mil. Hence, Caesars Entertainment's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.98.

The historical rank and industry rank for Caesars Entertainment's Days Sales Outstanding or its related term are showing as below:

FRA:2ER' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.33 Med: 8.83 Max: 19.92
Current: 18

During the past 12 years, Caesars Entertainment's highest Days Sales Outstanding was 19.92. The lowest was 4.33. And the median was 8.83.

FRA:2ER's Days Sales Outstanding is ranked better than
64.42% of 801 companies
in the Travel & Leisure industry
Industry Median: 29.83 vs FRA:2ER: 18.00

Caesars Entertainment's Days Sales Outstanding increased from Dec. 2022 (18.64) to Dec. 2023 (18.98).

Caesars Entertainment Days Sales Outstanding Historical Data

The historical data trend for Caesars Entertainment's Days Sales Outstanding 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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Caesars Entertainment Days Sales Outstanding Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8.14

20.18

15.06

17.77

19.58

Caesars Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															18.64	18.71	17.04	16.35	18.98

Competitive Comparison of Caesars Entertainment's Days Sales Outstanding

For the Resorts & Casinos subindustry, Caesars Entertainment's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Caesars Entertainment's Days Sales Outstanding Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Caesars Entertainment's Days Sales Outstanding falls into.

Caesars Entertainment Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Caesars Entertainment's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (576.784	+	557.536)	/	2 )	/	10571.176	*	365
=	567.16					/	10571.176	*	365
=	19.58

Caesars Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (520.035	+	557.536)	/	2 )	/	2590.525	*	365 / 4
=	538.7855					/	2590.525	*	365 / 4
=	18.98

Caesars Entertainment (FRA:2ER) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Caesars Entertainment Days Sales Outstanding Related Terms

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Caesars Entertainment (FRA:2ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (FRA:2ER) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CZR:USA 2ER:Germany

Address

100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website

https://www.caesars.com

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment (FRA:2ER) Headlines

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