Hilton Grand Vacations Inc (HGV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Hilton Grand Vacations Inc has exhibited fluctuations over the past five years. In 2023, the company took approximately 270.93 days to pay its suppliers, which indicates a significant increase compared to the previous year, where it took 110.57 days. This prolonged payment period suggests a potential strain on the company's cash flow and liquidity position in 2023.
In 2021 and 2019, the number of days of payables was relatively stable at around 108 and 69 days, respectively. However, in 2020, there was a notable spike to 260.71 days, indicating a significant delay in settling obligations to suppliers during that year.
Overall, the trend in the number of days of payables for Hilton Grand Vacations Inc shows inconsistency and variability, with significant fluctuations observed in certain years. This metric is essential for assessing the company's efficiency in managing its trade credit and vendor relationships, as well as providing insights into its working capital management practices.