Hyatt Hotels Corporation (H)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.71 | 1.53 | 0.84 | 4.88 | 3.16 | |
| Number of days of payables | days | 213.97 | 237.94 | 433.85 | 74.76 | 115.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.71
= 213.97
The number of days of payables for Hyatt Hotels Corporation has shown a fluctuating trend over the past five years. In 2023, the number of days of payables decreased to 43.19 days from 51.44 days in 2022, indicating that the company is taking fewer days to pay its suppliers. This could potentially be a positive sign of effective cash management or negotiating better payment terms.
Comparing to the years 2021 and 2020, where the number of days of payables was significantly higher at 80.75 days and 18.60 days respectively, it is evident that there has been a trend of improving efficiency in paying off the company's outstanding bills.
In 2019, the number of days of payables was 13.88 days, indicating a similar trend of prompt payment to suppliers.
Overall, the decreasing trend in the number of days of payables for Hyatt Hotels Corporation suggests improved liquidity and financial health as the company is efficiently managing its accounts payable and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023