Airbnb Inc (ABNB)
Payables turnover
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 141,000 | 163,000 | 100,000 | 161,000 | 137,000 | 152,661 | 139,248 | 128,187 | 118,000 | 97,093 | 97,669 | 116,688 |
| Payables turnover | 12.08 | 10.21 | 16.06 | 9.71 | 10.94 | 9.49 | 9.77 | 9.86 | 9.80 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,703,000K ÷ $141,000K
= 12.08
Payables turnover for Airbnb Inc has shown some fluctuations over the past eight quarters. In Q2 2023, the payables turnover ratio was notably high at 16.06, indicating the company took approximately 16 days to pay off its accounts payable during that quarter. This was a significant increase compared to Q1 2023 when the ratio was 9.72.
Although there was a spike in Q2 2023, the overall trend in payables turnover seems relatively consistent, hovering around 9 to 10 days over the past two years. This suggests that Airbnb manages its accounts payable efficiently, maintaining a steady pace of payments to suppliers and vendors.
The Q4 2022 payables turnover of 10.94 was slightly higher than the ratios in the preceding quarters, indicating a temporary delay in payments during that period. Overall, the payables turnover ratios reflect a stable payment pattern by Airbnb, with occasional fluctuations that may be affected by factors such as seasonal variations or changes in business operations.
Peer comparison
Dec 31, 2023