DoorDash, Inc. Class A Common Stock (DASH)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,722,000 | 8,635,000 | 6,583,000 | 4,888,000 | 2,886,000 |
| Receivables | US$ in thousands | 865,000 | 533,000 | 400,000 | 349,000 | 291,000 |
| Receivables turnover | 12.40 | 16.20 | 16.46 | 14.01 | 9.92 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,722,000K ÷ $865,000K
= 12.40
The receivables turnover ratio for DoorDash, Inc. Class A Common Stock has exhibited notable fluctuations over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the ratio stood at 9.92, indicating that the company collected its receivables approximately 10 times during the year. This ratio increased significantly in 2021 to 14.01, suggesting an improvement in the efficiency of receivables collection processes. The upward trend continued into 2022, reaching a ratio of 16.46, which reflects a further enhancement in collection efficiency and possibly a more effective credit or collection strategy.
However, in 2023, a slight decline was observed, with the ratio decreasing marginally to 16.20, signaling a minor reduction in collection efficiency but still maintaining a high level of receivables turnover. By the end of 2024, the ratio decreased more notably to 12.40, indicating a decrease in collection pace relative to previous years. This decline could point to potential challenges in receivables management or a shift in credit policies, or perhaps changes in customer payment behaviors.
Overall, the trend shows a substantial improvement from 2020 to 2022, implying greater efficiency in receivables management during this period. The subsequent decline in 2024, while still above the 2020 level, suggests a possible easing in collection efficiency or increased credit extended to customers.
Peer comparison
Dec 31, 2024