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What is MGM's Accounts Receivables?

  MGM Resorts International ( MGM ) |
2009 - 2021 (13 years)

Accounts Receivables is 
-$2.2B (1Y +685% )

MGM Stock Price & Accounts Receivables

Accounts Receivables for MGM competitors.
MCRI PENN CNTY WYNN MLCO BYD LVS
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Accounts Receivables

chevron_right 2021 -$767.7M +14.1x *
( +23.2% / year avg)
chevron_left 2009 $50.9M
vertical_align_top Peak $773.5M +2.01x *
vertical_align_bottom Bottom -$767.7M
arrow_drop_up # Up Years 9 9 of 13
years up.
arrow_drop_down # Down Years 4
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • MGM's stock price has rallied +807% from $2.54 in 2009 , or -0.44x the rate relative to it's accounts receivables over the same period.
  • If MGM grows it's stock at the same rate as it's accounts receivables (+23.2%/year) , it's stock price will grow +805% and hit $185.77 over the next 10 years.
  • MGM's stock price has gone up 6 of the 9 years (+66%) it's accounts receivables were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • MGM Historical Accounts Receivables Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Accounts Receivables YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $-767 24.4% $23.06 34.2%
    4/1/2020 $-617 -179.8% $17.18 -29.3%
    4/1/2019 $773 894.1% $24.3 -19.7%
    4/1/2018 $77 75.2% $30.26 0.5%
    4/1/2017 $44 -710.8% $30.11 39.4%
    4/1/2016 $-7 -107.3% $21.6 14.0%
    4/1/2015 $99 85.7% $18.95 -22.1%
    4/1/2014 $53 235.7% $24.34 69.7%
    4/1/2013 $15 3.6% $14.34 40.1%
    4/1/2012 $15 -91.1% $10.24 -28.1%
    4/1/2011 $172 54.5% $14.25 20.9%
    4/1/2010 $111 118.9% $11.78 67.0%
    4/1/2009 $50 - $7.05 -

  • About
    Industry: Resorts & Casinos
    Sector: Consumer Cyclical
    Country: US
    IPO Date: 12/13/1989
    Stonk Exchange: NYSE
    • MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts.
    • The company is headquartered in Las Vegas, Nevada and currently employs 55,000 full-time employees.
    • The Company, through its subsidiaries, owns and operates casino resorts.
    • The firm operates in two segments: domestic resorts and MGM China.
    • Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
    • Its casino operations feature a range of slots, table games, and race and sports book wagering.
    • Its MGM China’s operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau.
    • Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
    • The company owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others.

  • Accounts receivables consist of the short-term obligations owed to the company by its clients. Companies often sell products or services to customers on credit; these obligations are held in the current assets account until they are paid off by the clients.

    For more detailed definitions, please see Investopedia.