Marriott International Inc (MAR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 2.45 | 2.05 | 1.78 | 2.93 | 2.48 | |
| Number of days of payables | days | 149.24 | 178.43 | 204.94 | 124.50 | 146.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.45
= 149.24
To calculate the number of days of payables for Marriott International, Inc., we would need specific data on accounts payable and cost of goods sold for each year. Without this information, we cannot determine the exact number of days of payables for the years 2019 to 2023.
However, generally speaking, the number of days of payables is a liquidity ratio that indicates how many days the company takes to pay its suppliers. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, potentially indicating a more favorable working capital position or potential liquidity issues. Conversely, a lower number of days of payables may suggest efficient management of payables but could also indicate strained supplier relationships.
To gain a clearer understanding of Marriott International's payment practices and financial health, it would be necessary to analyze the trend in the number of days of payables over multiple years along with other relevant financial metrics.
Peer comparison
Dec 31, 2023