Hilton Grand Vacations Inc (HGV)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 441,000 | 263,000 | 283,000 | 315,000 | 368,000 | 565,000 | 545,000 | 471,000 | 359,000 | 453,000 | 395,000 | 373,000 | 378,000 | 161,000 | 167,000 | 174,000 | 155,000 | 161,000 | 164,000 | 165,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $441,000K ÷ $—K
= —
Based on the available data, the payables turnover ratio for Hilton Grand Vacations Inc in Q4 2023 stood at 1.35. This signifies that the company is able to convert its accounts payable into cash approximately 1.35 times during the quarter.
Comparing this to the payables turnover ratio of 3.30 in Q4 2022, there has been a notable decrease in efficiency in managing accounts payable from one year to the next. Generally, a higher payables turnover ratio indicates that a company is paying off its suppliers more frequently, which could potentially lead to better cash flow management and stronger supplier relationships.
However, since we do not have data for the other quarters in 2023, it is challenging to assess any significant trends or developments throughout the year. Further analysis over multiple periods would be necessary to draw more concrete conclusions about Hilton Grand Vacations Inc's payables turnover performance.