eBay Inc (EBAY)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover	—	15.50	—	—	—	—	—	—	—	—	—	—	—	1.72	1.77	1.92	1.80	1.83	—	—
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	7.00	7.21	6.92	1.96	1.55	1.82	1.93	1.82	1.95	7.53	9.15	4.34	2.32	0.86	0.70	6.47	3.01	3.29	3.47	6.00

Based on the provided data, let's analyze eBay Inc's activity ratios:

1. Inventory Turnover:
eBay's inventory turnover has shown fluctuations over the years. The inventory turnover ratio measures how efficiently the company manages its inventory. eBay's inventory turnover was 1.83 in September 2020, decreased to 1.72 in September 2021, and significantly increased to 15.50 in September 2024. A higher inventory turnover ratio indicates that eBay is selling its inventory more quickly, which is generally positive for the company.

2. Receivables Turnover:
The receivables turnover ratio helps assess how efficiently eBay collects its accounts receivable. Unfortunately, there is no data available for receivables turnover for eBay during the specified periods. Without this information, it is challenging to evaluate eBay's effectiveness in collecting payments from customers.

3. Payables Turnover:
The payables turnover ratio indicates how quickly eBay is paying its suppliers. Regrettably, there is no data provided for payables turnover, making it difficult to assess how effectively eBay is managing its payables.

4. Working Capital Turnover:
Working capital turnover ratio measures how effectively eBay is utilizing its working capital to generate sales. A higher ratio indicates efficient use of working capital. eBay's working capital turnover has shown variability over the years, with a significant increase in June 2022 and a subsequent decline. The ratio ranged from a low of 0.70 in June 2021 to a high of 9.15 in June 2022. This indicates fluctuations in how efficiently eBay is using its working capital to drive sales.

In conclusion, based on the limited data available, eBay's inventory turnover has shown some positive trends, while data on receivables turnover, payables turnover, and working capital turnover are not provided, making it challenging to assess the company's efficiency in managing these aspects of its operations.

Average number of days

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Days of inventory on hand (DOH)	days	—	23.55	—	—	—	—	—	—	—	—	—	—	—	212.40	206.61	190.56	202.72	198.99	—	—
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Based on the data provided, we can analyze eBay Inc's activity ratios as follows:

1. Days of Inventory on Hand (DOH):
- eBay's DOH fluctuated over the period but showed an increasing trend, peaking at 212.40 days on September 30, 2021.
- A high DOH indicates that eBay takes a longer time to sell its inventory, which may suggest inefficiencies in inventory management or potential overstocking.

2. Days of Sales Outstanding (DSO):
- The DSO data was not available, indicating that the information on how long it takes eBay to collect revenue from its customers was not provided.
- Without DSO figures, it is challenging to assess eBay's efficiency in collecting payments from customers and managing its accounts receivable.

3. Number of Days of Payables:
- Similar to DSO, the information on the number of days of payables was not available, making it difficult to evaluate eBay's payment practices with suppliers.
- Payables data is crucial in understanding how efficiently eBay manages its trade credit and cash flow by leveraging payment terms with suppliers.

In conclusion, while the DOH data suggests some concerns regarding eBay's inventory management efficiency, the lack of DSO and payables information limits a comprehensive analysis of the company's overall activity ratios related to sales and payments.

Long-term

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Fixed asset turnover	—	—	—	—	—	—	8.10	7.95	7.91	8.29	5.85	8.61	6.83	6.83	6.42	5.62	7.06	7.34	6.87	6.71
Total asset turnover	0.53	0.51	0.50	0.47	0.47	0.47	0.50	0.49	0.47	0.52	0.51	0.45	0.39	0.36	0.33	0.54	0.50	0.52	0.47	0.50

Based on the provided data for eBay Inc, let's analyze the long-term activity ratios:

1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue.
- eBay's fixed asset turnover ratio has shown fluctuation over the years, ranging from a low of 5.62 in March 2021 to a high of 8.61 in March 2022.
- A higher fixed asset turnover ratio indicates that eBay is generating more revenue per dollar invested in fixed assets.

2. Total Asset Turnover:
- The total asset turnover ratio measures how efficiently a company utilizes all its assets to generate sales.
- eBay's total asset turnover ratio has also experienced variability, with values ranging from 0.33 in June 2021 to 0.53 in December 2024.
- An increasing total asset turnover ratio suggests that eBay is becoming more efficient in generating sales from its total assets.

Overall, the trends in both fixed asset turnover and total asset turnover ratios for eBay Inc suggest fluctuations in efficiency in utilizing assets to generate revenue. It is essential for eBay to continue monitoring and improving these ratios to ensure optimal asset utilization and sustainable growth in the long term.