Travel + Leisure Co (TNL)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.30 | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 158.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Travel+Leisure Co's number of days of payables have shown fluctuations over the past eight quarters. In Q4 2023, the company had 200.34 days of payables, which was higher compared to the previous quarter at 187.79 days. This indicates that the company took longer to pay its suppliers in Q4 2023.
Looking at the trend over the past year, there is an overall increasing trend in the number of days of payables from Q1 2022 to Q4 2023. This suggests that Travel+Leisure Co may be taking longer to settle its payables, which could potentially strain its working capital management.
Comparing Q4 2023 to the same quarter in the previous year, there has been an increase in the number of days of payables from 151.11 days in Q4 2022 to 200.34 days in Q4 2023. This significant increase may indicate a change in the company's payment terms or cash flow position.
Overall, a high number of days of payables may indicate that Travel+Leisure Co is using its suppliers' funds to support its operations for a longer period. It is essential for the company to closely monitor and manage its payables to ensure healthy working capital management and sustainable relationships with suppliers.
Peer comparison
Dec 31, 2023