Vail Resorts Inc (MTN)
Number of days of payables
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.01 | 2.78 | 2.55 | 3.65 | 6.53 | |
| Number of days of payables | days | 121.36 | 131.45 | 142.97 | 99.90 | 55.92 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.01
= 121.36
The number of days of payables for Vail Resorts Inc has exhibited a fluctuating trend over the past five years. The company took 121.36 days to pay its payables as of July 31, 2024, which shows a slight improvement from the previous year's figure of 131.45 days. However, the current level is still higher compared to the days taken in 2022 and 2021, which were 142.97 days and 99.90 days, respectively.
It is noteworthy that in 2020, Vail Resorts Inc had a significantly lower number of days of payables at 55.92 days, indicating a quicker payment cycle in that year. The upward trend from 2020 to 2022 suggests a potential change in the company's payables management strategy, which may have been adjusted to extend payment terms or manage liquidity.
Overall, the number of days of payables for Vail Resorts Inc has varied over the years, reflecting potential shifts in the company's working capital management practices and financial priorities.
Peer comparison
Jul 31, 2024