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What does the The Cash Conversion Cycle say about the industry, specifically the hotels and gaming industry shown in the diagram below Mean Cash Conversion
What does the The Cash Conversion Cycle say about the industry, specifically the hotels and gaming industry shown in the diagram below
Mean Cash Conversion Cycle 2006 2007 2008 2009 WYNN 6.80 2.00 -18.60 -8.10 BYD -16.30 -15.60 -12.50 -10.70 LVS 11.10 7.60 4.10 14.40 CZR NA NA NA NA MGM 12.40 11.90 14.10 17.10 Mean 3.5 1.5 -3.2 3.2 Median 9.0 4.8 -4.2 3.2 2010 -1.20 -5.50 13.00 NA 16.50 5.7 5.9 2011 -9.10 -9.90 25.80 NA 16.20 5.8 3.6 2012 2013 2014 2015 2016 -8.60 -20.40 -36.30 -36.90 -36.80 -12.50 -8.70 -15.60 -20.10 -18.90 41.00 37.60 31.00 33.00 20.60 -3.00 -3.40 -1.30 0.50 0.00 15.60 15.00 16.10 16.20 12.40 6.5 4.0 -1.2 -1.5 -4.5 -3.0 -3.4 -1.3 0.5 0.0 2017 2018 2019 -36.90 -38.60 -25.00 -21.10 -21.80 -15.30 3.90 -2.00 1.90 1.40 0.80 -3.00 9.40 9.60 10.30 -8.7 -10.4 -6.2 1.4 -2.0 -3.0 2020 2021 8.00 1.30 -24.60 -17.60 34.00 11.10 6.20 -9.20 23.80 9.70 9.5 -0.9 8.0 1.3 -16.2 -15.4 18.0 -1.1 14.1 Median -13.9 -15.6 13.7 -0.7 14.6 COV -1.07 -0.34 0.78 -3.65 0.27 Figure 1: The Cash Conversion Cycle Cash Conversion Cycle Days 40 20 0 2016 2017 2018 2019 2020 2021 -20 -40 -60 -80 - 100 -Wynn Boyd-LVS CZR MGMStep by Step Solution
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