Hilton Worldwide Holdings Inc (HLT)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		1.30	1.48	2.16	4.20	2.60
Number of days of payables	days	281.29	246.91	168.65	86.89	140.53

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.30
= 281.29

The number of days of payables for Hilton Worldwide Holdings Inc has demonstrated an increasing trend over the past five years, reflecting a lengthening time it takes for the company to pay off its suppliers. As of December 31, 2023, the company took an average of 146.19 days to settle its payables, which is higher compared to the previous year's figure of 134.45 days. This suggests a potential delay in cash outflows related to supplier payments.

The upward trend in the number of days of payables may indicate either a deliberate strategy to optimize cash flow by extending payment terms or challenges in managing working capital efficiently. It is essential for investors and stakeholders to closely monitor this metric, as a significant increase in days of payables could signal liquidity issues or strained relationships with suppliers.