Royal Caribbean Cruises Ltd (RCL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.63 | 14.83 | 9.83 | 18.80 | 15.75 | |
| Number of days of payables | days | 24.95 | 24.61 | 37.15 | 19.42 | 23.17 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.63
= 24.95
The number of days of payables for Royal Caribbean Group has fluctuated over the past five years. In 2023, the company took approximately 60.49 days to pay its trade payables, which is lower compared to the previous year where it took 64.16 days. In 2021, there was a significant increase in the number of days of payables to 227.95 days, which indicates that the company took much longer to settle its trade payables that year. The number of days then decreased in 2022 to 124.68 days and further decreased in 2019 to 57.51 days.
Overall, the trend in the number of days of payables suggests some variability in the company's payment practices, with significant fluctuations in the time taken to settle trade payables over the past five years. It would be important to further investigate the reasons behind these fluctuations and assess the company's working capital management strategies.
Peer comparison
Dec 31, 2023