Norwegian Cruise Line Holdings Ltd (NCLH)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		43.70	27.96	13.73	65.14	63.59
Number of days of payables	days	8.35	13.05	26.59	5.60	5.74

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 43.70
= 8.35

The number of days of payables for Norwegian Cruise Line Holdings Ltd has displayed fluctuations over the past five years. In 2023, the company took approximately 37.99 days to pay its suppliers, which is a significant improvement compared to the previous year when it took 63.80 days. This suggests that the company has been more efficient in managing its payables in the most recent period.

Looking back further, in 2021, Norwegian Cruise Line Holdings Ltd had a significantly extended payment period of 203.18 days, showing a concerning delay in settling its payables. However, the company managed to reduce this number to 72.99 days in 2020 before further improving to 35.82 days in 2019.

Overall, the trend in the number of days of payables indicates fluctuations in the efficiency of Norwegian Cruise Line Holdings Ltd in managing its payment obligations to suppliers. The recent reduction in the number of days to payables suggests improved efficiency and liquidity management within the organization.