Galaxy Entertainment Group (Galaxy Entertainment Group) Days Payable : 63.97 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Galaxy Entertainment Group Days Payable?

Galaxy Entertainment Group's average Accounts Payable for the six months ended in Dec. 2023 was $352 Mil. Galaxy Entertainment Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,004 Mil. Hence, Galaxy Entertainment Group's Days Payable for the six months ended in Dec. 2023 was 63.97.

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

GXYEF' s Days Payable Range Over the Past 10 Years
Min: 12.8 Med: 62.54 Max: 228.02
Current: 67.36

During the past 13 years, Galaxy Entertainment Group's highest Days Payable was 228.02. The lowest was 12.80. And the median was 62.54.

GXYEF's Days Payable is ranked better than
52.93% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.82 vs GXYEF: 67.36

Galaxy Entertainment Group's Days Payable declined from Dec. 2022 (231.47) to Dec. 2023 (63.97). It may suggest that Galaxy Entertainment Group accelerated paying its suppliers.

Galaxy Entertainment Group Days Payable Historical Data

The historical data trend for Galaxy Entertainment Group'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.

Galaxy Entertainment Group Days Payable Chart

Galaxy Entertainment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

65.37

227.14

129.38

206.89

65.54

Galaxy Entertainment Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															132.47	190.12	231.47	73.91	63.97

Competitive Comparison of Galaxy Entertainment Group's Days Payable

For the Resorts & Casinos subindustry, Galaxy Entertainment Group'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.

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

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

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

Galaxy Entertainment Group 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.

Galaxy Entertainment Group'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
=	( (290.688	+	354.594)	/	2 )	/	1796.882	*	365
=	322.641					/	1796.882	*	365
=	65.54

Galaxy Entertainment Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (349.411	+	354.594)	/	2 )	/	1004.223	*	365 / 2
=	352.0025					/	1004.223	*	365 / 2
=	63.97

Galaxy Entertainment Group Days Payable Related Terms

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

Galaxy Entertainment Group (Galaxy Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Galaxy Entertainment Group Ltd (OTCPK:GXYEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GXYYY:USA 00027:Hong Kong KW9A:Germany

Address

111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.galaxyentertainment.com

Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula, and Galaxy Macau phases 1, 2 and 3 in Cotai, with a hotel capacity of approximately 5,564 rooms.

Galaxy Entertainment Group (Galaxy Entertainment Group) Headlines

From GuruFocus

Matthews China Fund Comments on Galaxy Entertainment Group

By Holly LaFon Holly LaFon • 05-01-2019

Internationally Renowned Sports Event WTT Champions Macao 2023 Presented by Galaxy Entertainment Group Successfully Concluded

By PRNewswire PRNewswire • 04-27-2023

Galaxy Entertainment Group and Wynn Resorts Limited Announce Investment

By PRNewswire PRNewswire • 03-23-2018

Matthews China Fund Comments on Galaxy Entertainment Group

By Holly LaFon Holly LaFon • 04-23-2019

PAGCOR Issues GEG a Provisional Gaming License

By PRNewswire PRNewswire • 03-21-2018