Booking Holdings Inc (BKNG)

Receivables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 21,365,000 17,090,000 10,958,000 6,796,000 15,066,000
Receivables US$ in thousands 3,063,000 2,113,000 1,309,000 376,000 1,261,000
Receivables turnover 6.98 8.09 8.37 18.07 11.95

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $21,365,000K ÷ $3,063,000K
= 6.98

The receivables turnover ratio for Booking Holdings Inc has shown a fluctuating trend over the past five years. The ratio decreased from 8.97 in 2019 to 6.57 in 2023, indicating that the company took longer to collect its accounts receivables in the most recent year.

A lower receivables turnover ratio may suggest potential issues with the collection process or credit policies that could impact the company's cash flow and liquidity. It is important for Booking Holdings Inc to closely monitor and manage its accounts receivables to ensure timely collection and efficient working capital management.

Despite the recent decrease in the ratio, Booking Holdings Inc's historical data shows that it has generally been able to efficiently convert its accounts receivables into cash. However, the company should continue to focus on improving its receivables turnover to maintain financial health and operational efficiency in the future.


Peer comparison

Dec 31, 2023


See also:

Booking Holdings Inc Receivables Turnover