Melco Resorts and Entertainment (FRA:MAS) Days Payable : 1.63 (As of Mar. 2024)

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What is Melco Resorts and Entertainment Days Payable?

Melco Resorts and Entertainment's average Accounts Payable for the three months ended in Mar. 2024 was €12 Mil. Melco Resorts and Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was €654 Mil. Hence, Melco Resorts and Entertainment's Days Payable for the three months ended in Mar. 2024 was 1.63.

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

FRA:MAS' s Days Payable Range Over the Past 10 Years
Min: 1.32 Med: 1.95 Max: 3.72
Current: 1.6

During the past 13 years, Melco Resorts and Entertainment's highest Days Payable was 3.72. The lowest was 1.32. And the median was 1.95.

FRA:MAS's Days Payable is ranked worse than
98.67% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.82 vs FRA:MAS: 1.60

Melco Resorts and Entertainment's Days Payable increased from Mar. 2023 (1.56) to Mar. 2024 (1.63). It may suggest that Melco Resorts and Entertainment delayed paying its suppliers.

Melco Resorts and Entertainment Days Payable Historical Data

The historical data trend for Melco Resorts and 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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Melco Resorts and Entertainment Days Payable Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.32

3.97

1.81

2.12

1.44

Melco Resorts and 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															1.56	1.50	1.69	1.63	1.63

Competitive Comparison of Melco Resorts and Entertainment's Days Payable

For the Resorts & Casinos subindustry, Melco Resorts and 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.

Melco Resorts and Entertainment's Days Payable Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Melco Resorts and Entertainment's Days Payable falls into.

Melco Resorts and 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.

Melco Resorts and 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
=	( (6.353	+	10.777)	/	2 )	/	2166.578	*	365
=	8.565					/	2166.578	*	365
=	1.44

Melco Resorts and 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
=	( (10.777	+	12.506)	/	2 )	/	653.536	*	365 / 4
=	11.6415					/	653.536	*	365 / 4
=	1.63

Melco Resorts and Entertainment Days Payable Related Terms

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Melco Resorts and Entertainment (FRA:MAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (FRA:MAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MLCO:USA 0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.