Hilton Worldwide Holdings Inc (HLT)

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	593,000	546,000	542,000	537,000	544,000	558,000	579,000	580,000	593,000	754,000	766,000	826,000	941,000	836,000	864,000	859,000	787,000	759,000	681,000	2,355,000
Payables	US$ in thousands	457,000	—	—	—	368,000	—	—	—	274,000	—	—	—	224,000	—	—	—	303,000	—	—	—
Payables turnover		1.30	—	—	—	1.48	—	—	—	2.16	—	—	—	4.20	—	—	—	2.60	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $593,000K ÷ $457,000K
= 1.30

Based on the available data, Hilton Worldwide Holdings Inc's payables turnover ratio for Q4 2023 is 2.50, which indicates that the company is able to turn over its accounts payables approximately 2.5 times during the quarter. Comparing this to the payables turnover ratio of 2.71 in Q4 2022, we observe a slight decline in efficiency in managing its accounts payables. It is important to note that without data for the other quarters in 2023, we cannot provide a trend analysis for the entire year. However, based on the Q4 comparison, there may be a need to monitor Hilton's payables turnover performance to ensure effective management of its payables in the future.