Marriot Vacations Worldwide (VAC)
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 Marriott Vacations Worldwide Corp has shown an increasing trend over the past five years. In 2023, the number of days of payables stood at 118.18 days, indicating that, on average, the company takes approximately 118 days to pay its suppliers. This represents an increase from 116.54 days in 2022 and a substantial rise from 81.68 days in 2019.
The upward trend in the number of days of payables suggests that Marriott Vacations Worldwide Corp is taking longer to settle its outstanding payables, which can be a sign of potential cash flow constraints or a deliberate strategy to optimize working capital management. It is essential for investors and stakeholders to closely monitor this metric to assess the company's liquidity position and its ability to meet its financial obligations in a timely manner.