Hilton Grand Vacations Inc (HGV)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 531,000 | 421,000 | 401,000 | 398,000 | 201,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $531,000K ÷ $—K
= —
The payables turnover ratio for Hilton Grand Vacations Inc has fluctuated over the past five years. In 2023, the payables turnover ratio decreased to 1.35 from 3.30 in 2022, indicating a decrease in the efficiency of paying off its suppliers. This could be a result of changes in the company's payment terms or difficulties in managing its payables.
Comparing to the earlier years, the payables turnover ratio was relatively stable in 2020 and 2021 at around 1.40 and 3.38, respectively. However, there was a significant increase to 5.29 in 2019, indicating a higher efficiency in paying off suppliers during that year.
Overall, the decreasing trend in the payables turnover ratio from 2019 to 2023 suggests a potential issue in managing payables efficiently. It is important for Hilton Grand Vacations Inc to monitor and address this trend to ensure effective management of its payables and maintain good relationships with its suppliers.