Viad Corp (VVI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.07 | 0.10 | 0.15 | 1.56 | 0.14 | |
| Number of days of payables | days | 5,208.85 | 3,639.53 | 2,457.45 | 234.09 | 2,526.63 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.07
= 5,208.85
Viad Corp.'s number of days of payables has fluctuated over the past five years, ranging from 14.44 days to 45.87 days. The company's ability to manage its payables effectively improved significantly in 2020 when it reduced the number of days to 14.44, representing a strong control over its payment obligations. However, there was a substantial increase in 2021, with the number of days of payables jumping to 45.87 days, indicating a longer time taken to settle its payables. In 2022 and 2023, the number of days of payables remained relatively stable around 25 days, suggesting a consistent payment pattern. Overall, it would be important for Viad Corp. to closely monitor its payables management to ensure an optimal balance between cash flow efficiency and vendor relationships.
Peer comparison
Dec 31, 2023