Applovin Corp (APP)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,166,810 | 1,059,190 | 1,256,060 | 988,095 | 555,578 |
| Payables | US$ in thousands | 563,427 | 371,702 | 273,196 | 258,220 | 147,275 |
| Payables turnover | 2.07 | 2.85 | 4.60 | 3.83 | 3.77 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,166,810K ÷ $563,427K
= 2.07