Viad Corp (VVI)

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
Payables turnover		0.07	0.06	0.06	0.08	0.10	—	0.09	0.11	0.15	0.17	0.60	0.89	1.52	1.47	0.71	0.30	0.10	0.09	0.06	0.02
Number of days of payables	days	5,208.85	5,924.18	6,565.73	4,794.78	3,639.53	—	4,202.14	3,353.84	2,457.45	2,151.80	609.99	409.30	240.79	248.97	516.30	1,222.02	3,538.53	4,082.46	6,389.86	17,946.37

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.07
= 5,208.85

The number of days of payables for Viad Corp. has fluctuated over the past eight quarters. In Q4 2023, the company took an average of 25.00 days to pay its suppliers, which is a slight improvement compared to 26.98 days in Q3 2023. This indicates that the company managed its payables more efficiently in the most recent quarter.

Looking back further, in Q2 2023 Viad Corp. took 34.45 days to pay its suppliers, which was higher compared to Q1 2023 where it took 30.52 days. This suggests a temporary delay in paying suppliers during Q2 2023, which improved in the subsequent quarter.

Comparing the current period to the same quarter in the previous year, there was a decrease in the number of days of payables in Q4 2023 (25.00 days) compared to Q4 2022 (25.18 days), indicating that the company has been more effective in managing its accounts payable during this timeframe.

Overall, the trend in the number of days of payables for Viad Corp. shows some variability, but the company appears to be making efforts to optimize its payment cycles and maintain healthy supplier relationships.