GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (BSP:C2ZR34) » Definitions » Days Payable

Caesars Entertainment (BSP:C2ZR34) Days Payable : 23.30 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Caesars Entertainment Days Payable?

Caesars Entertainment's average Accounts Payable for the three months ended in Sep. 2024 was R$1,916 Mil. Caesars Entertainment's Cost of Goods Sold for the three months ended in Sep. 2024 was R$7,504 Mil. Hence, Caesars Entertainment's Days Payable for the three months ended in Sep. 2024 was 23.30.

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

BSP:C2ZR34' s Days Payable Range Over the Past 10 Years
Min: 11.86   Med: 15.87   Max: 25.96
Current: 25.96

During the past 12 years, Caesars Entertainment's highest Days Payable was 25.96. The lowest was 11.86. And the median was 15.87.

BSP:C2ZR34's Days Payable is ranked worse than
75.4% of 756 companies
in the Travel & Leisure industry
Industry Median: 59.7 vs BSP:C2ZR34: 25.96

Caesars Entertainment's Days Payable increased from Sep. 2023 (22.29) to Sep. 2024 (23.30). It may suggest that Caesars Entertainment delayed paying its suppliers.


Caesars Entertainment Days Payable Historical Data

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment Days Payable Chart

Caesars Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.62 21.40 15.94 19.86 25.17

Caesars Entertainment Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.29 25.81 28.49 29.06 23.30

Competitive Comparison of Caesars Entertainment's Days Payable

For the Resorts & Casinos subindustry, Caesars Entertainment'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.


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

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

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



Caesars Entertainment 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.

Caesars Entertainment'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
=( (1647.056 + 1999.118) / 2 ) / 26434.421*365
=1823.087 / 26434.421*365
=25.17

Caesars Entertainment's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2348.34 + 1484.13) / 2 ) / 7503.719*365 / 4
=1916.235 / 7503.719*365 / 4
=23.30

* 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.


Caesars Entertainment Days Payable Related Terms

Thank you for viewing the detailed overview of Caesars Entertainment's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Caesars Entertainment Business Description

Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US 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 US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment Headlines

No Headlines