Airbnb Inc (ABNB)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,878,000 | 1,703,000 | 1,499,000 | 1,156,000 |
| Payables | US$ in thousands | 142,000 | 141,000 | 137,000 | 118,000 |
| Payables turnover | 13.23 | 12.08 | 10.94 | 9.80 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,878,000K ÷ $142,000K
= 13.23
Based on the data provided for Airbnb Inc's payables turnover, the ratio has been showing a consistent increasing trend over the years. The payables turnover ratio has improved from 9.80 in December 31, 2021, to 13.23 in December 31, 2024, indicating that Airbnb is managing its accounts payable more efficiently.
A higher payables turnover ratio suggests that the company is paying its suppliers more frequently within the given period, which may indicate strong supplier relationships or negotiated favorable payment terms. This improvement could also indicate effective working capital management and potentially better cash flow optimization for the company.
Overall, the increasing trend in Airbnb Inc's payables turnover ratio signifies a positive development in how the company is handling its accounts payable, which is a critical aspect of its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024