eBay Inc (EBAY)

Payables 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
Cost of revenue (ttm)	US$ in thousands	2,833,000	2,804,000	2,746,000	2,691,000	2,680,000	2,693,000	2,724,000	2,733,000	2,650,000	2,504,000	2,304,000	2,049,000	1,945,000	1,402,000	1,454,000	1,590,000	1,627,000	1,881,000	1,959,000	2,003,000
Payables	US$ in thousands	267,000	303,000	294,000	280,000	261,000	224,000	249,000	245,000	262,000	265,000	285,000	324,000	278,000	307,000	305,000	268,000	229,000	296,000	303,000	251,000
Payables turnover		10.61	9.25	9.34	9.61	10.27	12.02	10.94	11.16	10.11	9.45	8.08	6.32	7.00	4.57	4.77	5.93	7.10	6.35	6.47	7.98

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,833,000K ÷ $267,000K
= 10.61

EBay Inc.'s payables turnover ratio has shown fluctuations over the past eight quarters. The payables turnover ratio measures how efficiently a company manages its supplier obligations. EBay's payables turnover ratio ranged from 9.25 to 11.05 during this period.

The higher the payables turnover ratio, the shorter the time it takes for a company to pay its suppliers. A higher ratio generally indicates that a company is managing its trade payables efficiently and may take advantage of early payment discounts. On the other hand, a lower payables turnover ratio could suggest that a company is taking longer to pay its suppliers, which may have implications for its relationship with suppliers.

EBay Inc.'s payables turnover ratio has generally been above 9.0, indicating that the company is efficient in managing its supplier payments. Overall, the fluctuations in the payables turnover ratio over the quarters may be attributed to various factors such as changes in payment terms, supplier relationships, or seasonal variations in business operations. Further analysis of these factors could provide insights into EBay's working capital management practices and relationships with its suppliers.