Hilton Worldwide Holdings Inc (HLT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 shown an increasing trend over the last two quarters. In Q4 2023, the number of days of payables was 146.19 days, higher than the previous quarter where the data is not available. Comparing this to Q4 2022, there was an increase from 134.45 days.
The increase in the number of days of payables can indicate that Hilton Worldwide Holdings Inc is taking longer to pay its suppliers and vendors, which may suggest a potential strain on liquidity or a strategic shift in managing working capital. It is important to closely monitor this trend in future quarters to assess the company's cash flow management and relationship with suppliers.
Peer comparison
Dec 31, 2023
See also:
Hilton Worldwide Holdings Inc Average Payables Payment Period (Quarterly Data)