Hyatt Hotels Corporation (H)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,541,000 | 5,995,000 | 3,290,000 | 1,924,000 | 5,694,000 |
| Receivables | US$ in thousands | 883,000 | 834,000 | 633,000 | 316,000 | 421,000 |
| Receivables turnover | 7.41 | 7.19 | 5.20 | 6.09 | 13.52 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,541,000K ÷ $883,000K
= 7.41
Hyatt Hotels Corporation's receivables turnover has shown fluctuations over the past five years. The trend indicates a decrease in receivables turnover from 11.98 in 2019 to 4.78 in 2021, followed by a gradual increase to 7.55 in 2023. This suggests that the company has been collecting its accounts receivables more frequently in recent years, with 2023 showing an improvement compared to the previous two years. A higher receivables turnover ratio signifies a more efficient collection of receivables, reflecting positively on the company's liquidity and ability to manage its outstanding customer payments. It is essential for Hyatt Hotels Corporation to maintain a healthy balance between its receivables turnover and credit policies to ensure sustainable financial performance.
Peer comparison
Dec 31, 2023