eBay Inc (EBAY)
Working capital 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 | 10,112,000 | 10,060,000 | 9,940,000 | 9,822,000 | 9,795,000 | 9,898,000 | 10,019,000 | 10,265,000 | 10,420,000 | 10,285,000 | 10,042,000 | 9,711,000 | 9,042,000 | 8,249,000 | 8,074,000 | 7,914,000 | 8,127,000 | 8,960,000 | 9,526,000 | 9,989,000 |
| Total current assets | US$ in thousands | 11,016,000 | 10,314,000 | 8,717,000 | 8,598,000 | 9,290,000 | 5,289,000 | 5,067,000 | 7,349,000 | 9,111,000 | 17,756,000 | 20,061,000 | 6,691,000 | 7,190,000 | 6,739,000 | 7,394,000 | 6,248,000 | 4,706,000 | 5,209,000 | 6,844,000 | 6,665,000 |
| Total current liabilities | US$ in thousands | 4,520,000 | 4,782,000 | 3,555,000 | 3,206,000 | 4,271,000 | 3,974,000 | 3,972,000 | 4,982,000 | 4,622,000 | 5,296,000 | 5,063,000 | 5,130,000 | 4,002,000 | 3,840,000 | 4,692,000 | 4,673,000 | 4,066,000 | 3,685,000 | 5,209,000 | 4,500,000 |
| Working capital turnover | 1.56 | 1.82 | 1.93 | 1.82 | 1.95 | 7.53 | 9.15 | 4.34 | 2.32 | 0.83 | 0.67 | 6.22 | 2.84 | 2.85 | 2.99 | 5.02 | 12.70 | 5.88 | 5.83 | 4.61 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,112,000K ÷ ($11,016,000K – $4,520,000K)
= 1.56
EBay Inc.'s working capital turnover has shown fluctuations over the past quarters. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates better efficiency in using working capital to generate sales.
Based on the provided data:
- In Q4 2023, the working capital turnover ratio was 1.56, indicating that for every dollar of working capital, EBay generated $1.56 in sales.
- The ratio decreased to 1.82 in Q3 2023, before further declining to 1.93 in Q2 2023.
- There was a significant drop in efficiency in Q1 2023, with a working capital turnover ratio of 3.89, which could indicate potential inefficiencies in managing working capital during that period.
- In Q4 2022, the ratio was 1.95, showing a slight increase from the previous quarter.
- The working capital turnover ratios for Q3 2022, Q2 2022, and Q1 2022 were relatively high at 7.23, 8.80, and 4.17, respectively, indicating strong efficiency in utilizing working capital to generate sales during those quarters.
Overall, the working capital turnover fluctuated throughout the quarters, with Q2 and Q3 of 2022 showing the highest efficiencies and Q1 of 2023 displaying a temporary decrease in efficiency. Monitoring these trends can provide insights into EBay's liquidity management and operational performance.
Peer comparison
Dec 31, 2023