Carnival Corporation (CCL)

Number of days of payables

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Payables turnover		13.80	12.26	11.20	6.21	13.11
Number of days of payables	days	26.44	29.78	32.60	58.74	27.84

November 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.80
= 26.44

Based on the data provided, Carnival Corporation's number of days of payables has fluctuated over the past five years. The trend shows a significant increase from 27.84 days as of November 30, 2020, to 58.74 days as of November 30, 2021. This suggests that the company took longer to pay off its accounts payable obligations in 2021 compared to the previous year.

However, there was a notable decrease in the number of days of payables to 32.60 days as of November 30, 2022, followed by a further drop to 29.78 days as of November 30, 2023. These declines indicate an improvement in the company's efficiency in managing its payables, as it reduced the time taken to settle its outstanding obligations.

By November 30, 2024, Carnival Corporation's number of days of payables decreased even further to 26.44 days. This suggests that the company continued to effectively manage its accounts payable, potentially negotiating better payment terms with suppliers or optimizing its cash flow management.

Overall, the fluctuations in Carnival Corporation's number of days of payables indicate changes in its liquidity management strategies and relationships with suppliers over the years. It is essential for investors and stakeholders to closely monitor this metric to assess the company's financial health and operational efficiency.