Airbnb Inc (ABNB)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	—	—	—	—	—	—	78.30
Receivables turnover	48.22	46.79	41.86	47.28	52.21	53.07	43.12	53.49	50.10
Payables turnover	12.08	10.21	16.06	9.71	10.94	9.49	9.77	9.86	9.80
Working capital turnover	1.51	1.25	1.42	1.31	1.22	1.17	1.12	1.10	0.93

The inventory turnover, receivables turnover, and working capital turnover ratios are not provided in the table for Airbnb Inc.

However, we can analyze the payables turnover ratio over the past eight quarters to gain insights into the company's efficiency in managing its payables:

- The payables turnover ratio shows a fluctuating trend over the past eight quarters, ranging from a low of 9.49 in Q3 2022 to a high of 16.06 in Q2 2023.
- A higher payables turnover ratio indicates that Airbnb is paying its suppliers more frequently within the period, suggesting efficient management of payables.
- The declining trend from Q2 2023 to Q4 2023 may indicate a potential delay in paying suppliers or a change in payment terms.

Overall, Airbnb's payables turnover ratio suggests that the company has been effective in managing its payables, but further analysis of the other activity ratios would provide a more comprehensive view of the company's operational efficiency.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	4.66
Days of sales outstanding (DSO)	days	7.57	7.80	8.72	7.72	6.99	6.88	8.46	6.82	7.29
Number of days of payables	days	30.22	35.75	22.73	37.57	33.36	38.44	37.37	37.00	37.26

Days of inventory on hand (DOH) and days of sales outstanding (DSO) data are not provided for Airbnb Inc for the mentioned quarters. However, the number of days of payables can be analyzed.

The trend in the number of days of payables for Airbnb Inc shows some fluctuations over the quarters. In Q3 2023, there was a decrease in the number of days of payables compared to the previous quarter, indicating that the company took fewer days to pay its suppliers. This might suggest improved efficiency in managing payables or negotiating better credit terms.

Comparing the number of days of payables to previous quarters, the company's payment cycle seems to have varied, possibly due to changes in the terms with suppliers, changes in business operations, or seasonal factors. It would be important to monitor this metric over time to assess the company's liquidity and working capital management.

Overall, while limited information is available in this analysis, monitoring the company's activity ratios such as days of payables can provide insights into its operational efficiency and liquidity management in the future.

Long-term

	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
Fixed asset turnover	61.78	65.57	69.14	71.69	69.47	67.52	62.28	46.12	35.63
Total asset turnover	0.48	0.45	0.43	0.44	0.52	0.50	0.39	0.39	0.41

Long-term activity ratios provide insight into how efficiently a company is utilizing its assets to generate revenue. Two key ratios in this category are fixed asset turnover and total asset turnover.

Fixed asset turnover measures the effectiveness of a company in generating sales from its fixed assets. In the case of Airbnb Inc, the fixed asset turnover has been consistently high, ranging from 46.34 to 71.38 over the past eight quarters. This indicates that Airbnb is efficiently utilizing its fixed assets to generate revenue, with higher values suggesting better asset utilization.

Total asset turnover, on the other hand, measures the company's ability to generate sales from all of its assets. Airbnb's total asset turnover has fluctuated between 0.39 and 0.52 over the same period. Although the values are lower compared to fixed asset turnover, they still indicate that Airbnb is effectively generating sales relative to its total assets.

Overall, Airbnb Inc's long-term activity ratios suggest that the company is efficiently utilizing both its fixed and total assets to generate revenue, demonstrating operational effectiveness in asset management.