Carnival Corporation (CCL)

Number of days of payables

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Payables turnover		13.80	14.53	14.16	13.34	12.26	13.01	13.26	12.76	11.20	11.10	9.26	8.35	6.21	5.15	6.80	10.29	13.11	15.39	6.97	14.70
Number of days of payables	days	26.44	25.11	25.78	27.37	29.78	28.05	27.54	28.61	32.60	32.88	39.40	43.71	58.74	70.93	53.71	35.49	27.84	23.72	52.34	24.83

November 30, 2024 calculation

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

The number of days of payables for Carnival Corporation has shown fluctuations over the past few years. The trend indicates that the company takes an average of around 30 days to pay its suppliers and creditors. However, there have been periods of both improvement and deterioration in the management of payables.

Specifically, the number of days of payables decreased from around 53 days in May 2021 to around 25 days in May 2024, showing a significant improvement in efficiency in managing its payables during this period. This could indicate better negotiation terms with suppliers or improved liquidity management.

It is worth noting that there were fluctuations in the number of days of payables during the period, with peaks observed in August 2021 (around 71 days) and November 2021 (around 59 days). These spikes may raise concerns about the company's ability to manage its working capital effectively during those specific periods.

Overall, Carnival Corporation's number of days of payables reflects varying levels of efficiency in managing its payment obligations to suppliers and creditors over the analyzed period.