Booking Holdings Inc (BKNG)

Working capital 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
Total current assets US$ in thousands 17,034,000 15,798,000 13,145,000 12,206,000 9,833,000
Total current liabilities US$ in thousands 13,330,000 8,474,000 6,246,000 3,425,000 5,366,000
Working capital turnover 5.77 2.33 1.59 0.77 3.37

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $21,365,000K ÷ ($17,034,000K – $13,330,000K)
= 5.77

Booking Holdings Inc's working capital turnover has experienced fluctuations over the past five years. In 2023, the working capital turnover ratio improved significantly to 5.77, indicating that the company generated $5.77 in revenue for every dollar of working capital invested. This suggests that the company efficiently utilized its working capital to generate sales.

Compared to the previous years, the substantial increase in the working capital turnover ratio in 2023 reflects a marked improvement in the company's efficiency in managing its working capital. In 2022 and 2021, the ratios were 2.33 and 1.59, respectively, showing a moderate level of efficiency in utilizing working capital.

In 2020, the working capital turnover ratio was just 0.77, indicating a relatively lower efficiency in converting working capital into sales during that year. However, in 2019, the ratio was higher at 3.37, signifying improved efficiency compared to 2020 but lower than the latest year, 2023.

Overall, the increasing trend in Booking Holdings Inc's working capital turnover ratio from 2019 to 2023 indicates a positive development in the company's ability to generate revenue relative to its investment in working capital, reflecting enhanced operational efficiency.


Peer comparison

Dec 31, 2023


See also:

Booking Holdings Inc Working Capital Turnover