Travel + Leisure Co (TNL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Travel+Leisure Co has shown variability over the years. In 2023, it stood at 200.34 days, indicating that, on average, the company takes approximately 200 days to pay its suppliers. This represents an increase compared to the previous year, where the number of days of payables was 151.11.
The significant spike in days of payables in 2020, reaching 11,315.00 days, is most likely due to an anomaly or error in the financial data, as such an excessively high number is not in line with industry norms.
Overall, it is essential for Travel+Leisure Co to effectively manage its payables to ensure healthy supplier relationships and cash flow management. Monitoring the trend in days of payables can provide valuable insights into the company's liquidity position and operational efficiency.
Peer comparison
Dec 31, 2023