Royal Caribbean Group (BSP:R1CL34) Days Payable : 36.73 (As of Mar. 2024)

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What is Royal Caribbean Group Days Payable?

Royal Caribbean Group's average Accounts Payable for the three months ended in Mar. 2024 was R$4,121 Mil. Royal Caribbean Group's Cost of Goods Sold for the three months ended in Mar. 2024 was R$10,238 Mil. Hence, Royal Caribbean Group's Days Payable for the three months ended in Mar. 2024 was 36.73.

The historical rank and industry rank for Royal Caribbean Group's Days Payable or its related term are showing as below:

BSP:R1CL34' s Days Payable Range Over the Past 10 Years
Min: 22.1 Med: 30.54 Max: 60.53
Current: 34.42

During the past 13 years, Royal Caribbean Group's highest Days Payable was 60.53. The lowest was 22.10. And the median was 30.54.

BSP:R1CL34's Days Payable is ranked worse than
70.04% of 751 companies
in the Travel & Leisure industry
Industry Median: 60.61 vs BSP:R1CL34: 34.42

Royal Caribbean Group's Days Payable increased from Mar. 2023 (34.77) to Mar. 2024 (36.73). It may suggest that Royal Caribbean Group delayed paying its suppliers.

Royal Caribbean Group Days Payable Historical Data

The historical data trend for Royal Caribbean Group'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.

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Royal Caribbean Group Days Payable Chart

Royal Caribbean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.87

53.01

57.80

34.08

34.85

Royal Caribbean Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															34.77	34.05	29.80	36.52	36.73

Competitive Comparison of Royal Caribbean Group's Days Payable

For the Travel Services subindustry, Royal Caribbean Group'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.

Royal Caribbean Group's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Royal Caribbean Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Royal Caribbean Group's Days Payable falls into.

Royal Caribbean Group 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.

Royal Caribbean Group'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
=	( (3393.774	+	3880.642)	/	2 )	/	38095.945	*	365
=	3637.208					/	38095.945	*	365
=	34.85

Royal Caribbean Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3880.642	+	4362.305)	/	2 )	/	10238.468	*	365 / 4
=	4121.4735					/	10238.468	*	365 / 4
=	36.73

Royal Caribbean Group Days Payable Related Terms

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Royal Caribbean Group (BSP:R1CL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Caribbean Group (BSP:R1CL34) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RCL:USA RCL:Mexico RC8:Germany

Address

1050 Caribbean Way, Miami, FL, USA, 33132

Website

https://www.rclcorporate.com

Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

Royal Caribbean Group (BSP:R1CL34) Headlines

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