Marriot Vacations Worldwide (VAC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,653,000 | 1,429,000 | 1,310,000 | 1,134,000 | 1,638,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,653,000K ÷ $—K
= —
Marriott Vacations Worldwide Corp's payables turnover ratio has shown a declining trend over the past five years. The ratio decreased from 4.47 in 2019 to 3.09 in 2023. This suggests that the company is taking longer to pay off its suppliers and vendors in recent years. A decreasing payables turnover ratio could indicate potential liquidity issues or strained supplier relationships. It is essential for the company to closely monitor its payables management to ensure efficient cash flow and maintain healthy relationships with its suppliers.