Booking Holdings Inc (BKNG)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,365,000 | 20,630,000 | 19,341,000 | 18,173,000 | 17,090,000 | 16,022,000 | 14,646,000 | 12,512,000 | 10,958,000 | 9,215,000 | 7,179,000 | 5,649,000 | 6,796,000 | 8,897,000 | 11,297,000 | 14,517,000 | 15,066,000 | 14,940,000 | 14,749,000 | 14,436,000 |
| Receivables | US$ in thousands | 3,063,000 | 3,293,000 | 2,745,000 | 1,908,000 | 2,113,000 | 2,202,000 | 2,149,000 | 1,543,000 | 1,309,000 | 1,230,000 | 910,000 | 402,000 | 376,000 | 703,000 | 370,000 | -245,000 | 1,261,000 | 1,788,000 | 1,973,000 | 1,491,000 |
| Receivables turnover | 6.98 | 6.26 | 7.05 | 9.52 | 8.09 | 7.28 | 6.82 | 8.11 | 8.37 | 7.49 | 7.89 | 14.05 | 18.07 | 12.66 | 30.53 | — | 11.95 | 8.36 | 7.48 | 9.68 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $21,365,000K ÷ $3,063,000K
= 6.98
The receivables turnover ratio for Booking Holdings Inc has shown some fluctuations over the past eight quarters. The ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio generally signifies that the company is effectively managing its accounts receivable and collecting payments in a timely manner.
In Q1 2023, the receivables turnover ratio was 8.87, which was the highest among the listed quarters, indicating that Booking Holdings Inc was able to convert its accounts receivable into cash more frequently during that period. This suggests that the company had a more efficient collection process in place during the first quarter of 2023.
Conversely, in Q3 2023, the receivables turnover ratio dropped to 5.98, the lowest among the listed quarters. This lower ratio could suggest a potential delay in collecting payments from customers during that particular quarter.
Overall, the trend of the receivables turnover ratio for Booking Holdings Inc fluctuated during the observed quarters, with some quarters showing higher efficiency in collections compared to others. It would be important for the company to further analyze the reasons behind these fluctuations to ensure consistent and effective management of its accounts receivable in the future.
Peer comparison
Dec 31, 2023