Carnival (FRA:CVC1) Days Payable : 22.76 (As of Aug. 2024)

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What is Carnival Days Payable?

Carnival's average Accounts Payable for the three months ended in Aug. 2024 was €973 Mil. Carnival's Cost of Goods Sold for the three months ended in Aug. 2024 was €3,903 Mil. Hence, Carnival's Days Payable for the three months ended in Aug. 2024 was 22.76.

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

FRA:CVC1' s Days Payable Range Over the Past 10 Years
Min: 21.01 Med: 25.85 Max: 55.71
Current: 26.01

During the past 13 years, Carnival's highest Days Payable was 55.71. The lowest was 21.01. And the median was 25.85.

FRA:CVC1's Days Payable is ranked worse than
76.03% of 755 companies
in the Travel & Leisure industry
Industry Median: 57.91 vs FRA:CVC1: 26.01

Carnival's Days Payable declined from Aug. 2023 (25.00) to Aug. 2024 (22.76). It may suggest that Carnival accelerated paying its suppliers.

Carnival Days Payable Historical Data

The historical data trend for Carnival'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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Carnival Days Payable Chart

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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20.72

31.71

54.87

27.35

29.10

Carnival Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															25.00	28.45	27.92	26.05	22.76

Competitive Comparison of Carnival's Days Payable

For the Travel Services subindustry, Carnival'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.

Carnival's Days Payable Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Carnival's Days Payable falls into.

Carnival 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.

Carnival's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (1030.05	+	1079.232)	/	2 )	/	13228.908	*	365
=	1054.641					/	13228.908	*	365
=	29.10

Carnival's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (983.275	+	963.234)	/	2 )	/	3902.821	*	365 / 4
=	973.2545					/	3902.821	*	365 / 4
=	22.76

Carnival Days Payable Related Terms

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Carnival Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival Corp (FRA:CVC1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCL:USA CCL:Peru CCL1:Mexico 0EV1:UK CVC1:Germany CVC1:Germany C1CL34:Brazil CVC1:Bulgaria

Address

3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428

Website

https://www.carnivalcorp.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

Carnival Headlines

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