Marriott International Inc (MAR)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		3.13	2.45	2.05	1.78	2.93
Number of days of payables	days	116.53	149.24	178.43	204.94	124.50

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.13
= 116.53

Marriott International Inc's number of days of payables has shown fluctuations over the years. As of December 31, 2020, the company took approximately 124.50 days to pay its payables, which increased to 204.94 days by the end of December 31, 2021. Subsequently, there was a decrease in the number of days to 178.43 as of December 31, 2022. This trend continued with further improvement as the number of days decreased to 149.24 on December 31, 2023, and further decreased to 116.53 days by December 31, 2024. Throughout this period, the company's ability to manage its payables has shown variability, with efforts to decrease the number of days in recent years, potentially indicating improved liquidity or negotiation strategies with suppliers.