Airbnb Inc (ABNB)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	11,102,000	9,917,000	8,337,000	5,577,050
Total current assets	US$ in thousands	17,180,000	16,509,000	14,861,000	12,386,000
Total current liabilities	US$ in thousands	10,161,000	9,950,000	7,978,000	6,359,000
Working capital turnover		1.58	1.51	1.21	0.93

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,102,000K ÷ ($17,180,000K – $10,161,000K)
= 1.58

The working capital turnover ratio for Airbnb Inc has been gradually increasing over the years, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales. In 2021, the ratio stood at 0.93, suggesting that for every dollar of working capital, Airbnb generated $0.93 in revenue. By the end of 2024, the working capital turnover had reached 1.58, reflecting an increase to $1.58 in revenue for every dollar of working capital.

This upward trend in the working capital turnover ratio signifies that Airbnb has been able to optimize its working capital management, possibly by more effectively managing its current assets and liabilities. A higher working capital turnover ratio typically indicates that the company is utilizing its resources efficiently to drive sales and grow the business. This improved efficiency can lead to better cash flow management and overall financial health for Airbnb Inc.