Hyatt Hotels Corporation (H)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		1.71	2.30	1.76	1.47	1.53	1.60	0.99	0.94	0.84	3.97	3.95	5.32	4.88	4.78	5.22	2.89	3.07	3.37	3.82	3.61
Number of days of payables	days	213.97	158.45	206.99	248.51	238.25	228.55	366.99	389.24	433.85	91.88	92.51	68.56	74.76	76.33	69.99	126.42	118.76	108.37	95.58	101.13

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.71
= 213.97

To analyze Hyatt Hotels Corporation's number of days of payables, we can observe a fluctuating trend over the past eight quarters. The number of days of payables ranged from a low of 33.28 days in Q3 2023 to a high of 73.03 days in Q1 2022, with an overall average of approximately 50 days.

A lower number of days of payables indicates that the company takes less time to pay its suppliers, potentially reflecting a more efficient working capital management and stronger vendor relationships. Conversely, a higher number of days of payables suggests that the company is taking longer to settle its payables, which could have implications for its cash flow and supplier relationships.

Hyatt Hotels Corporation's number of days of payables should be evaluated in conjunction with other financial ratios and performance metrics to provide a comprehensive assessment of the company's liquidity, operational efficiency, and financial health.