Booking Holdings Inc (BKNG)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,126,000 | 9,843,000 | 7,169,000 | 6,373,000 | 3,514,000 |
| Payables | US$ in thousands | 3,480,000 | 2,507,000 | 1,586,000 | 735,000 | 1,239,000 |
| Payables turnover | 3.48 | 3.93 | 4.52 | 8.67 | 2.84 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $12,126,000K ÷ $3,480,000K
= 3.48
Based on the data provided, Booking Holdings Inc's payables turnover ratio has been consistently at 0.00 for the past five years. This indicates that the company is not effectively managing its accounts payables in relation to its cost of goods sold. A payables turnover ratio of 0.00 suggests that the company is taking an exceptionally long time to pay its suppliers, which could potentially strain supplier relationships and impact the company's liquidity position. It is crucial for Booking Holdings Inc to closely monitor and improve its payables turnover ratio to ensure efficient management of its accounts payables and optimize its working capital management.
Peer comparison
Dec 31, 2023