Hyatt Hotels Corporation (H)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 2.16 1.71 1.53 0.84 4.88
Number of days of payables days 169.31 213.97 237.94 433.85 74.76

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.16
= 169.31

The number of days of payables for Hyatt Hotels Corporation has exhibited significant fluctuations over the past five years. As of December 31, 2020, the company took approximately 74.76 days to pay its creditors on average. This number spiked significantly by the end of 2021 to 433.85 days, indicating a notable extension in the amount of time the company took to settle its payables.

However, by the end of 2022, the number of days of payables decreased to 237.94 days, reflecting a partial improvement in the company's payment practices. Subsequently, in 2023, the days of payables decreased further to 213.97 days, suggesting a continued effort towards a more efficient management of payables.

By the end of 2024, there was a significant reduction in the number of days of payables to 169.31 days, indicating a more streamlined approach to managing the company's payable obligations. Overall, the trend in the number of days of payables for Hyatt Hotels Corporation demonstrates fluctuations, with efforts made towards optimizing the payment cycle over the years.