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