Marriot Vacations Worldwide (VAC)
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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Marriott Vacations Worldwide Corp's number of days of payables has shown some fluctuations over the past few quarters. In Q4 2023, the number of days of payables increased significantly to 118.18 days compared to the previous quarter at 77.22 days. This indicates that the company took longer to pay its vendors or suppliers during that period.
It is worth noting that in Q4 2022 and Q1 2023, the number of days of payables was relatively high at 116.54 days and 72.03 days, respectively, suggesting a similar trend of delayed payments. However, in Q3 2022, the number of days of payables dropped to 70.20 days, followed by slight fluctuations in the subsequent quarters.
Overall, the company's number of days of payables has displayed some variability, potentially reflecting changes in vendor payment practices or cash flow management strategies. A high number of days of payables may indicate a cash flow advantage for the company, but it could also imply strained relationships with suppliers if payments are consistently delayed. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Marriott Vacations Worldwide Corp's payables management.