Wyndham Hotels & Resorts Inc (WH)

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		10.50	7.15	5.19	9.82	8.36	8.97	9.12	11.30	9.68	5.69	5.48	14.93	15.04	10.41	10.85	6.46	9.43	5.58	5.28	5.21
Number of days of payables	days	34.76	51.03	70.32	37.18	43.67	40.69	40.02	32.31	37.72	64.18	66.55	24.45	24.28	35.05	33.64	56.47	38.69	65.45	69.09	70.05

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.50
= 34.76

The number of days of payables for Wyndham Hotels & Resorts Inc has shown some variability over the past eight quarters. In Q4 2023, the number of days of payables was 20.53 days, which was significantly lower than the previous quarter at 28.65 days in Q3 2023. This suggests that the company took fewer days to pay its trade payables in the most recent quarter.

Looking back further, the number of days of payables in Q4 2023 was also lower compared to the same quarter in the previous year, Q4 2022, which stood at 27.17 days. This indicates an improvement in the efficiency of payables management over the year.

The highest number of days of payables was recorded in Q2 2023 at 40.27 days, indicating that the company took longer to pay its trade payables during that period. It's worth noting that there was a significant decrease in Q3 2023, suggesting an effort to bring payables under control.

Overall, the trend in Wyndham Hotels & Resorts Inc's number of days of payables reflects some fluctuations, but the recent decrease in Q4 2023 compared to previous quarters could indicate a more effective management of payables and potentially improved cash flow management.