Royal Caribbean Cruises Ltd (RCL)

Payables turnover

		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	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	9,398,000	9,589,000	9,334,860	8,767,740	8,127,640	7,667,080	7,486,480	7,222,460	6,614,330	5,967,390	4,824,821	3,558,791	2,657,508	1,787,265	1,282,183	1,537,773	2,765,106	3,981,369	5,295,800	6,159,880
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,398,000K ÷ $—K
= —

The payables turnover ratio for Royal Caribbean Cruises Ltd for the period from March 31, 2020, to December 31, 2024, is not provided in the data. The absence of this ratio makes it challenging to assess the company's efficiency in managing its trade payables during this period.

The payables turnover ratio is a measure of how efficiently a company pays its suppliers. A higher payables turnover ratio typically indicates that a company is paying its suppliers quickly, which may be a signal of strong liquidity or good relationships with suppliers. On the other hand, a lower payables turnover ratio may suggest that a company is taking longer to pay its suppliers, potentially leading to strained supplier relationships or cash flow issues.

Without the data on Royal Caribbean Cruises Ltd's payables turnover ratio, it is difficult to evaluate the company's payment practices and the impact on its working capital management. This ratio is essential for understanding how effectively the company is utilizing its payables to support its operations and cash flow position. It would be beneficial for stakeholders to have access to this information to gain insights into the company's financial performance and operational efficiency in managing its payables.