Pursuit Attractions and Hospitality, Inc. (PRSU)

Number of days of payables

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Payables turnover 2.23 14.49 10.45 10.71 11.44 76.71 13.59 10.69 12.06 14.56 10.02 8.65 9.17 7.96 7.27 9.72 14.22 25.16 35.10 31.45
Number of days of payables days 163.71 25.19 34.94 34.08 31.91 4.76 26.86 34.14 30.26 25.07 36.42 42.19 39.80 45.87 50.23 37.55 25.67 14.51 10.40 11.61

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.23
= 163.71

The number of days of payables for Pursuit Attractions and Hospitality, Inc. demonstrates notable variations over the analyzed period. Initially, as of June 30, 2020, the company maintained an average of approximately 11.61 days of payables, indicating prompt settlement of liabilities. This figure slightly decreased to 10.40 days by September 30, 2020, suggesting a brief period of more accelerated payments.

However, by December 31, 2020, the days of payables increased to approximately 14.51 days, reflecting a moderate extension in payment timing. A significant upward trend commences from March 31, 2021, with the days of payables rising sharply to around 25.67 days, and escalating further to approximately 37.55 days by June 30, 2021. The trend of increasing payable days continues, reaching about 50.23 days on September 30, 2021, and slightly decreasing to 45.87 days at year-end (December 31, 2021).

Throughout 2022, the number of payable days experiences some fluctuation, with instances such as 42.19 days at June 30, 2022, a reduction to 36.42 days by September 30, 2022, and a further decrease to approximately 25.07 days at December 31, 2022. The trend indicates a reduction in the average time taken to settle payables towards the end of 2022. In early 2023, this metric slightly increased back to 30.26 days by March 31, 2023, and around 34.14 days at June 30, 2023.

In the subsequent quarters of 2023, the days of payables show a decreasing trend, reaching approximately 26.86 days on September 30, 2023, before dropping sharply to approximately 4.76 days at December 31, 2023. This drastic decline suggests an acceleration in payment cycles during the last quarter of 2023. The first quarter of 2024 shows an increase again to around 31.91 days, followed by a stabilization at approximately 34.08 days in June 2024 and 34.94 days in September 2024, indicating consistent, moderate payment periods during this timeframe.

At December 31, 2024, the days of payables stood at approximately 25.19 days. Interestingly, the figure spikes dramatically to 163.71 days on March 31, 2025, representing an extraordinary extension in the period of payables, which could imply significant delays in payments, possible re-negotiations, or financial distress, requiring further investigation to understand the underlying causes.

In summary, the data reflects a trend of increasing payable periods up to late 2021, followed by a gradual reduction throughout 2022 and 2023, culminating in a very substantial extension at the start of 2025. The fluctuations highlight periods of extended credit extension and prompt payment behaviors, potentially driven by strategic payment policies, cash flow considerations, or financial challenges faced by the company.