Norwegian Cruise Line Holdings Ltd (NCLH)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		43.70	47.70	49.52	34.42	27.96	40.83	47.95	42.74	14.45	31.18	24.48	29.70	65.14	54.66	15.29	22.67	63.59	87.14	81.62	90.74
Number of days of payables	days	8.35	7.65	7.37	10.60	13.05	8.94	7.61	8.54	25.26	11.70	14.91	12.29	5.60	6.68	23.87	16.10	5.74	4.19	4.47	4.02

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 shown some fluctuations over the past eight quarters. In Q4 2023, the company took approximately 37.99 days to pay its suppliers and vendors, a slight increase from the previous quarter's 35.18 days. This indicates that the company is managing its payables more efficiently in the most recent quarter.

Comparing the current Q4 2023 figure to the same quarter in the previous year, there has been a significant improvement from 63.80 days in Q4 2022 to 37.99 days in Q4 2023. This suggests that Norwegian Cruise Line Holdings Ltd has increased its ability to settle its payables in a timelier manner.

Overall, the trend in the number of days of payables shows a positive direction for the company, reflecting better management of its working capital and relationships with suppliers. It is important to continue monitoring this ratio to ensure sustainable cash flow management and financial stability.