Norwegian Cruise Line Holdings Ltd (NCLH)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 7,619,020 7,556,990 7,345,010 6,996,040 6,395,520 5,769,730 4,811,177 3,923,316 3,369,120 2,961,008 2,708,693 2,753,658 5,415,244 6,365,816 7,413,904 8,257,800 6,408,150 6,287,230 6,185,060 6,049,440
Payables US$ in thousands 174,338 158,414 148,328 203,233 228,742 141,305 100,336 91,786 233,172 94,951 110,628 92,711 83,136 116,464 484,927 364,216 100,777 72,151 75,776 66,665
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,619,020K ÷ $174,338K
= 43.70

Norwegian Cruise Line Holdings Ltd's payables turnover has shown fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company manages its payments to suppliers. A higher ratio indicates that the company is paying its suppliers more quickly.

In Q4 2023, the payables turnover ratio was 9.61, which decreased from the previous quarter but remained relatively high compared to earlier quarters. This may suggest that the company is taking slightly longer to pay its suppliers in Q4 2023.

During Q3 and Q2 2023, the payables turnover ratios were 10.38 and 10.70, respectively, both demonstrating the company's strong ability to efficiently manage its payables.

In Q1 2023, the ratio dropped to 7.44, indicating a temporary slowdown in the company's payment to suppliers.

Comparing the data to the same period in 2022, the payables turnover ratio has shown improvement, with Q4 2023's ratio of 9.61 being significantly higher than the 5.72 ratio in Q4 2022. This might suggest that the company has been managing its payables more effectively in recent quarters.

Overall, the payables turnover ratio for Norwegian Cruise Line Holdings Ltd has exhibited variability but generally reflects a satisfactory level of efficiency in managing its payments to suppliers.