Hyatt Hotels Corporation (H)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,870,000 | 7,896,000 | 7,352,000 | 6,973,000 | 6,541,000 | 6,486,000 | 6,389,000 | 6,403,000 | 5,995,000 | 5,478,000 | 5,094,000 | 4,132,000 | 3,290,000 | 2,602,000 | 1,848,000 | 1,337,000 | 1,924,000 | 2,838,000 | 4,048,000 | 5,110,000 |
| Receivables | US$ in thousands | 1,121,000 | 960,000 | 866,000 | 895,000 | 883,000 | 762,000 | 787,000 | 828,000 | 834,000 | 702,000 | 699,000 | 655,000 | 633,000 | 373,000 | 360,000 | 340,000 | 316,000 | 322,000 | 313,000 | 365,000 |
| Receivables turnover | 7.02 | 8.22 | 8.49 | 7.79 | 7.41 | 8.51 | 8.12 | 7.73 | 7.19 | 7.80 | 7.29 | 6.31 | 5.20 | 6.98 | 5.13 | 3.93 | 6.09 | 8.81 | 12.93 | 14.00 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,870,000K ÷ $1,121,000K
= 7.02
The receivables turnover for Hyatt Hotels Corporation has shown fluctuations over the past few years. The ratio was at a healthy level of 14.00 as of March 31, 2020, indicating that the company was efficiently collecting its receivables. However, it started decreasing, reaching a low of 3.93 as of March 31, 2021, which could be a cause for concern as it suggests a slower collection of receivables.
Subsequently, the receivables turnover improved, showing an upward trend and reaching 8.51 as of September 30, 2023, before stabilizing around 7-8 range in the following quarters. This improvement indicates that the company may have implemented better credit and collection policies, resulting in a more efficient management of its accounts receivable.
Overall, while the company experienced some fluctuations in its receivables turnover ratio, the recent trend of improvement is a positive sign of effective management of receivables. It will be important for Hyatt Hotels Corporation to continue monitoring and optimizing its receivables turnover to ensure timely collection of outstanding balances.
Peer comparison
Dec 31, 2024