Airbnb Inc (ABNB)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	1,878,000	1,835,000	1,829,000	1,755,000	1,703,000	1,664,000	1,606,000	1,564,000	1,499,000	1,449,478	1,360,058	1,264,485	1,156,000
Payables	US$ in thousands	142,000	181,000	163,000	184,000	141,000	163,000	100,000	161,000	137,000	152,661	139,248	128,187	118,000
Payables turnover		13.23	10.14	11.22	9.54	12.08	10.21	16.06	9.71	10.94	9.49	9.77	9.86	9.80

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,878,000K ÷ $142,000K
= 13.23

The payables turnover ratio for Airbnb Inc has fluctuated over the past few years. As of December 31, 2021, the payables turnover ratio was 9.80, indicating that the company's payables were being turned over approximately 9.80 times during that period.

The ratio remained relatively stable in the subsequent quarters, showing small variations but generally staying within a similar range. However, there was a notable increase in the payables turnover ratio in June 30, 2023, where it peaked at 16.06, suggesting that Airbnb was managing its payables more efficiently during that period.

Moving forward, the ratio decreased in the following quarters but still remained above the initial levels observed in 2021. By December 31, 2024, the payables turnover ratio stood at 13.23, indicating that the company was still efficiently managing its payables turnover, albeit at a slightly slower pace compared to the peak in June 2023.

Overall, the trend in Airbnb's payables turnover ratio shows variations over time, with some periods of increased efficiency in managing payables compared to others. This ratio provides insights into how quickly the company is paying off its payables and managing its working capital effectively.