Pursuit Attractions and Hospitality, Inc. (PRSU)

The number of days of payables for Pursuit Attractions and Hospitality, Inc. has exhibited notable fluctuations over the observed period. At the end of December 2020, the company’s payables period was approximately 14.44 days, indicating a relatively short duration in settling its liabilities to suppliers. This duration significantly increased in the subsequent year, reaching approximately 45.87 days by the end of December 2021, reflecting a substantial extension in the company's average payment period.

The upward trend continued markedly into 2022, with the payables period rising to approximately 96.84 days, nearly tripling from the previous year’s figure. This suggests that the company delayed its payments to suppliers over an extended timeframe, potentially indicating improved cash management, negotiating better credit terms, or strategic payment deferrals.

However, the payables period decreased sharply in 2023 to approximately 18.12 days, signaling a substantial reduction in payment deferral and a possible return to more immediate settlement practices. This reduction could reflect changes in the company's payment policies, liquidity position, or supplier relationships.

By the end of 2024, the payables period increased slightly again to approximately 25.19 days, suggesting a modest lengthening in the company's average payment duration relative to 2023, but still significantly below the peak observed in 2022.

Overall, the trend demonstrates considerable variability in the company's payment practices over the four-year period, with periods of significant extension and subsequent tightening of the payables cycle. Such fluctuations might be associated with strategic financial decisions, liquidity management, or changes in vendor agreements.

Peer comparison

Dec 31, 2024