Travel + Leisure Co (TNL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,692,000 | 1,687,000 | 1,659,000 | 1,643,000 | 1,610,000 | 1,504,000 | 1,431,000 | 1,351,000 | 1,282,000 | 2,454,000 | 2,127,000 | 1,781,000 | 1,462,000 | 19,000 | 57,000 | 124,000 | 185,000 | 192,000 | 185,000 | 182,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 79,000 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.30 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,692,000K ÷ $—K
= —
Travel+Leisure Co's payables turnover ratio has been fluctuating over the past eight quarters. The ratio indicates how efficiently the company is managing its payments to suppliers and vendors.
In Q4 2023, the payables turnover ratio was 1.82, which indicates that the company took approximately 1.82 quarters to pay off its accounts payable during that period. This ratio decreased from the previous quarter, indicating a slower turnover of payables.
The trend over the past eight quarters shows a general decrease in payables turnover, with occasional fluctuations. While a decreasing trend may suggest that the company is taking longer to pay its suppliers, it could also indicate a change in payment terms negotiated with suppliers.
It is essential to monitor payables turnover along with other financial metrics to get a comprehensive understanding of Travel+Leisure Co's financial health and operational efficiency in managing its working capital.
Peer comparison
Dec 31, 2023