Ballys (FRA:358) Days Payable : 20.60 (As of Mar. 2024)

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What is Ballys Days Payable?

Ballys's average Accounts Payable for the three months ended in Mar. 2024 was €59 Mil. Ballys's Cost of Goods Sold for the three months ended in Mar. 2024 was €262 Mil. Hence, Ballys's Days Payable for the three months ended in Mar. 2024 was 20.60.

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

FRA:358' s Days Payable Range Over the Past 10 Years
Min: 22.99 Med: 35.27 Max: 72.94
Current: 31.11

During the past 8 years, Ballys's highest Days Payable was 72.94. The lowest was 22.99. And the median was 35.27.

FRA:358's Days Payable is ranked worse than
72.96% of 758 companies
in the Travel & Leisure industry
Industry Median: 57.805 vs FRA:358: 31.11

Ballys's Days Payable declined from Mar. 2023 (21.86) to Mar. 2024 (20.60). It may suggest that Ballys accelerated paying its suppliers.

Ballys Days Payable Historical Data

The historical data trend for Ballys'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.

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Ballys Days Payable Chart

Ballys Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.39

42.39

34.88

27.51

23.33

Ballys 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															21.86	23.10	45.89	47.09	20.60

Competitive Comparison of Ballys's Days Payable

For the Resorts & Casinos subindustry, Ballys'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.

Ballys's Days Payable Distribution in the Travel & Leisure Industry

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

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

Ballys 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.

Ballys'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
=	( (66.147	+	63.421)	/	2 )	/	1013.446	*	365
=	64.784					/	1013.446	*	365
=	23.33

Ballys's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (63.421	+	54.649)	/	2 )	/	261.514	*	365 / 4
=	59.035					/	261.514	*	365 / 4
=	20.60

Ballys Days Payable Related Terms

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Ballys (FRA:358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ballys Corp (FRA:358) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BALY:USA

Address

100 Westminster Street, Providence, RI, USA, 02903

Website

https://www.ballys.com

Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.

Ballys (FRA:358) Headlines

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