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Diamondrock Hospitality Co (Diamondrock Hospitality Co) Days Payable : 121.62 (As of Dec. 2023)


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What is Diamondrock Hospitality Co Days Payable?

Diamondrock Hospitality Co's average Accounts Payable for the three months ended in Dec. 2023 was $164 Mil. Diamondrock Hospitality Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $123 Mil. Hence, Diamondrock Hospitality Co's Days Payable for the three months ended in Dec. 2023 was 121.62.

The historical rank and industry rank for Diamondrock Hospitality Co's Days Payable or its related term are showing as below:

DRH' s Days Payable Range Over the Past 10 Years
Min: 62.62   Med: 84.52   Max: 121.63
Current: 121.34

During the past 13 years, Diamondrock Hospitality Co's highest Days Payable was 121.63. The lowest was 62.62. And the median was 84.52.

DRH's Days Payable is ranked worse than
50.85% of 527 companies
in the REITs industry
Industry Median: 125.84 vs DRH: 121.34

Diamondrock Hospitality Co's Days Payable declined from Dec. 2022 (138.82) to Dec. 2023 (121.62). It may suggest that Diamondrock Hospitality Co accelerated paying its suppliers.


Diamondrock Hospitality Co Days Payable Historical Data

The historical data trend for Diamondrock Hospitality Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Diamondrock Hospitality Co Days Payable Chart

Diamondrock Hospitality Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.61 107.65 62.62 92.46 121.63

Diamondrock Hospitality Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 138.82 129.01 113.55 121.64 121.62

Competitive Comparison of Diamondrock Hospitality Co's Days Payable

For the REIT - Hotel & Motel subindustry, Diamondrock Hospitality Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Diamondrock Hospitality Co's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Diamondrock Hospitality Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Diamondrock Hospitality Co's Days Payable falls into.



Diamondrock Hospitality Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Diamondrock Hospitality Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (166.802 + 156.085) / 2 ) / 484.486*365
=161.4435 / 484.486*365
=121.63

Diamondrock Hospitality Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (171.686 + 156.085) / 2 ) / 122.957*365 / 4
=163.8855 / 122.957*365 / 4
=121.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Diamondrock Hospitality Co Days Payable Related Terms

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Diamondrock Hospitality Co (Diamondrock Hospitality Co) Business Description

Traded in Other Exchanges
Address
2 Bethesda Metro Center, Suite 1400, Bethesda, MD, USA, 20814
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and other. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
Executives
Mark W Brugger officer: Chief Financial Officer C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 3000, BETHESDA MD 20817
Justin L. Leonard officer: EVP & Chief Operating Officer C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
William J Tennis officer: EVP and General Counsel DIAMONDROCK HOSPITALITY COMPANY, 6903 ROCKLEDGE DRIVE, SUITE 800, BETHESDA MD 20817
Tabassum Zalotrawala director 610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Briony R. Quinn officer: Chief Accounting Officer DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814
Troy Furbay officer: Chief Investment Officer DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METGRO CENTER, SUITE 1500, BETHESDA MD 20814
Michael A. Hartmeier director C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Jeffrey Donnelly officer: EVP & Chief Financial Officer C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Maureen L Mcavey director C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 300, BETHESDA MD 20817
Kathleen Wayton director C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Gilbert T Ray director 901 N GLEBE ROAD, ARLINGTON VA 22203
Jay Lecoryelle Johnson officer: EVP & Chief Financial Officer C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Thomas G. Healy officer: EVP & Chief Operating Officer DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814
Sean M Mahoney officer: CAO and Corporate Controller 3 BETHESDA METRO CTR #1000, BETHESDA MD 20814
William Joseph Shaw director 6649 WESTWOOD BLVD., ORLANDO FL 32821