Booking Holdings Inc (BKNG)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	9,690,000	11,255,000	10,729,000	10,443,000	9,843,000	9,289,000	8,739,000	7,964,000	7,169,000	6,613,000	6,488,000	5,484,000	6,373,000	6,060,000	4,843,000	4,848,000	3,514,000	3,426,611	3,346,215	3,215,884
Payables	US$ in thousands	3,480,000	3,020,000	2,123,000	2,132,000	2,507,000	2,131,000	2,240,000	1,504,000	1,586,000	1,466,000	1,028,000	570,000	735,000	1,114,000	581,000	926,000	1,239,000	1,275,000	1,291,000	934,000
Payables turnover		2.78	3.73	5.05	4.90	3.93	4.36	3.90	5.30	4.52	4.51	6.31	9.62	8.67	5.44	8.34	5.24	2.84	2.69	2.59	3.44

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,690,000K ÷ $3,480,000K
= 2.78

The payables turnover ratio for Booking Holdings Inc has been consistently reported as 0.00 across all quarters provided in the data table. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during these periods. This could imply delays in paying suppliers or inefficient management of working capital.

A payables turnover ratio of 0.00 may suggest that Booking Holdings Inc is taking an extended period to pay its suppliers, which could strain supplier relationships and potentially lead to increased costs or disruption in the supply chain. It is important for the company to closely monitor and optimize its payables turnover ratio to ensure efficient management of its accounts payable and overall working capital. Additional information or context may be needed to fully assess the reasons behind the consistently low payables turnover ratio and its implications for the company's financial health and operational efficiency.