Marriot Vacations Worldwide (VAC)
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 | 1,509,000 | 1,291,000 | 1,329,000 | 1,362,000 | 1,328,000 | 1,463,000 | 1,406,000 | 1,357,000 | 1,251,000 | 962,000 | 855,000 | 671,000 | 919,000 | 1,231,000 | 1,451,000 | 1,678,000 | 1,577,000 | 1,134,000 | 1,046,000 | 834,505 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,509,000K ÷ $—K
= —
Marriott Vacations Worldwide Corp's payables turnover ratio has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts payables by measuring how many times per period the company pays its suppliers.
In Q4 2023, the payables turnover ratio was 3.09, indicating a decrease in efficiency compared to the previous quarter. This could suggest that Marriott Vacations Worldwide Corp took longer to pay its suppliers in Q4 2023.
The ratio then increased significantly in Q3 2023 to 4.73, which might have been due to the company improving its payment processes and settling its payables more promptly.
In Q2 2023, the payables turnover ratio further improved to 5.47, suggesting that Marriott Vacations Worldwide Corp managed its payables exceptionally well during this period.
However, the ratio decreased slightly in Q1 2023 to 5.07, but it remained relatively high compared to previous quarters. This slight decrease could indicate a small slowdown in payables management efficiency.
Comparing these figures to the ratios from the same periods in previous years, we see similar fluctuations in the payables turnover ratio, with Q2 typically showing the highest efficiency in managing payables.
Overall, Marriott Vacations Worldwide Corp's payables turnover ratio has varied over recent quarters, indicating fluctuations in how quickly the company pays its suppliers. It is important for the company to monitor this ratio consistently to ensure efficient management of its accounts payables.