Caesars Entertainment (BSP:C2ZR34) Days Payable : 28.49 (As of Mar. 2024)

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What is Caesars Entertainment Days Payable?

Caesars Entertainment's average Accounts Payable for the three months ended in Mar. 2024 was R$2,093 Mil. Caesars Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was R$6,703 Mil. Hence, Caesars Entertainment's Days Payable for the three months ended in Mar. 2024 was 28.49.

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: 24.42
Current: 24.28

During the past 12 years, Caesars Entertainment's highest Days Payable was 24.42. The lowest was 11.86. And the median was 15.87.

BSP:C2ZR34's Days Payable is ranked worse than
79.1% of 756 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs BSP:C2ZR34: 24.28

Caesars Entertainment's Days Payable increased from Mar. 2023 (20.73) to Mar. 2024 (28.49). 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.

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Caesars Entertainment Days Payable Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.62

21.40

15.94

19.86

25.17

Caesars Entertainment 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															20.73	20.76	22.29	25.81	28.49

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 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
=	( (1999.118	+	2186.132)	/	2 )	/	6702.811	*	365 / 4
=	2092.625					/	6702.811	*	365 / 4
=	28.49

Caesars Entertainment Days Payable Related Terms

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Caesars Entertainment (BSP:C2ZR34) Business Description

Industry

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

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 (BSP:C2ZR34) Headlines

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