Hilton Grand Vacations Inc (HGV)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.37 | 0.24 | 0.27 | 0.27 | 0.32 | 0.20 | 0.22 | 0.24 | 0.32 | 0.49 | 0.44 | 0.39 | — | 0.31 | 0.54 | 0.52 | — | 0.17 | 0.18 | 0.20 |
| Receivables turnover | 15.81 | 11.79 | 8.45 | 8.16 | 7.85 | 8.96 | 8.35 | 7.93 | 7.50 | 9.25 | 8.46 | 6.44 | 7.73 | 6.15 | 4.50 | 7.01 | 7.51 | 10.55 | 3.76 | 11.01 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.38 | 1.76 | 1.59 | 1.45 | 1.66 | 2.74 | — | — | — | 5.22 | 5.42 | 3.59 | 3.75 | 3.87 | — | — | 1.68 | 12.78 | 2.90 | 10.54 |
The analysis of Hilton Grand Vacations Inc activity ratios reveals the following:
1. Inventory turnover:
- The company's inventory turnover ratio fluctuated over the years, ranging from a low of 0.17 in September 2020 to a high of 0.54 in June 2021.
- The average inventory turnover ratio for the period under review was 0.33, indicating the company, on average, turned over its inventory about three times per year.
2. Receivables turnover:
- Hilton Grand Vacations Inc's receivables turnover ratio varied significantly, with a low of 3.76 in June 2020 and a high of 15.81 in December 2024.
- The average receivables turnover ratio for the period was 8.22, implying the company collected its outstanding receivables approximately eight times a year on average.
3. Payables turnover:
- The data does not provide information on the payables turnover ratio, suggesting that the company's payables turnover was not calculable or not available for analysis.
4. Working capital turnover:
- The working capital turnover ratio showed fluctuations, with values ranging from a low of 1.45 in March 2024 to a high of 12.78 in September 2020.
- The average working capital turnover ratio for the period was 4.17, indicating that the company utilized its working capital to generate sales about four times a year on average.
Overall, the analysis of Hilton Grand Vacations Inc's activity ratios highlights the company's efficiency in managing its inventory, receivables, and working capital, though information on payables turnover is not available for a complete assessment of the company's liquidity management.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 997.64 | 1,521.74 | 1,359.24 | 1,341.80 | 1,158.73 | 1,815.29 | 1,650.88 | 1,506.35 | 1,149.55 | 739.69 | 831.13 | 941.56 | — | 1,177.19 | 674.56 | 704.56 | — | 2,115.19 | 1,982.37 | 1,856.47 |
| Days of sales outstanding (DSO) | days | 23.08 | 30.96 | 43.19 | 44.76 | 46.52 | 40.74 | 43.72 | 46.01 | 48.63 | 39.46 | 43.16 | 56.67 | 47.21 | 59.37 | 81.19 | 52.08 | 48.59 | 34.60 | 96.95 | 33.16 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the data provided, we can analyze the activity ratios of Hilton Grand Vacations Inc as follows:
1. Days of Inventory on Hand (DOH):
- The DOH for Hilton Grand Vacations Inc shows fluctuations over the periods analyzed. The number of days of inventory on hand ranged from a high of 2,115.19 days on September 30, 2020, to a low of 674.56 days on June 30, 2021.
- A high DOH value indicates that the company may be carrying excess inventory or facing difficulties in selling its inventory promptly. On the other hand, a lower DOH value suggests efficient inventory management.
2. Days of Sales Outstanding (DSO):
- The DSO for Hilton Grand Vacations Inc also showed variability throughout the periods examined. The number of days of sales outstanding ranged from a high of 96.95 days on June 30, 2020, to a low of 23.08 days on December 31, 2024.
- The DSO metric reflects the efficiency of the company in collecting receivables. A higher DSO indicates that the company may be facing challenges in collecting payments promptly, while a lower DSO signifies better receivables management.
3. Number of Days of Payables:
- The data indicates that no information is available for the number of days of payables for Hilton Grand Vacations Inc during the periods analyzed.
- The absence of information on payables days makes it difficult to assess the company's efficiency in managing its payable obligations.
In summary, the analysis of the activity ratios for Hilton Grand Vacations Inc suggests fluctuations in inventory management and receivables collection efficiency over the periods studied. It is important for the company to focus on optimizing inventory levels and improving receivables collection processes to enhance operational efficiency and profitability.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 6.29 | 7.23 | 4.91 | 4.41 | 5.25 | 5.01 | 5.02 | 5.01 | 4.81 | 4.74 | 4.36 | 3.82 | 3.09 | 2.08 | 1.95 | 1.55 | 1.78 | 2.36 | 2.91 | 3.68 |
| Total asset turnover | 0.44 | 0.42 | 0.39 | 0.36 | 0.46 | 0.49 | 0.50 | 0.47 | 0.48 | 0.46 | 0.43 | 0.34 | 0.29 | 0.21 | 0.22 | 0.25 | 0.29 | 0.32 | 0.39 | 0.47 |
The Fixed Asset Turnover ratio for Hilton Grand Vacations Inc has been showing an increasing trend over the past few years, indicating improved efficiency in generating sales from fixed assets. The ratio increased from 3.68 in March 2020 to 6.29 in December 2024, with some fluctuations in between.
On the other hand, the Total Asset Turnover ratio shows a less consistent trend, fluctuating over the years. It ranged from 0.22 in June 2021 to 0.50 in June 2023 and then slightly decreased to 0.44 by December 2024.
Overall, the Fixed Asset Turnover indicates that Hilton Grand Vacations Inc has been effectively utilizing its fixed assets to generate sales, while the Total Asset Turnover reflects varying levels of efficiency in generating sales from all assets over the same period.