Marriott International Inc (MAR)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		3.13	2.37	2.27	2.35	2.45	2.23	2.28	2.11	2.05	1.79	1.73	1.75	1.78	1.79	1.90	2.21	2.35	3.49	3.22	2.22
Number of days of payables	days	116.53	154.30	161.05	155.28	149.24	163.69	159.94	173.38	178.43	203.51	211.50	208.53	204.94	204.18	192.01	165.35	155.12	104.53	113.42	164.52

December 31, 2024 calculation

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

The number of days of payables for Marriott International Inc has shown fluctuations over the years based on the provided data. From March 31, 2020, to December 31, 2024, the number of days of payables ranged from around 104 days to 211 days.

During the period under review, there was a general trend of increase in the number of days of payables from 164.52 days on March 31, 2020, to 211.50 days on June 30, 2022. However, there was a slight decline in the following quarters, reaching 116.53 days on December 31, 2024.

The average number of days of payables over this period was approximately 170 days, indicating that Marriott International Inc typically takes about 170 days to pay its suppliers. This metric is important as it reflects the company's payment terms and its ability to manage its working capital efficiently.

It is essential to monitor fluctuations in the number of days of payables as significant changes can signal potential cash flow issues or changes in the company's payment practices. Evaluating this ratio in conjunction with other financial metrics can provide valuable insights into Marriott International Inc's financial health and performance in managing its payables effectively.