Etsy Inc (ETSY)

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	322.72	323.75	268.54	166.45	111.12	139.79	118.24	100.01	92.01	113.76	119.90	114.20	85.42	93.34	105.92	89.09	76.34	84.50	68.05	74.89
Payables turnover	29.81	41.48	62.42	80.97	27.70	56.44	52.29	38.54	25.89	43.21	39.44	43.51	23.37	44.61	21.04	32.05	11.37	18.29	22.13	28.49
Working capital turnover	4.24	3.65	3.49	3.28	3.20	3.41	2.93	3.11	2.91	2.90	2.77	2.90	3.21	3.68	0.94	1.40	1.20	1.02	1.23	1.17

Inventory Turnover:
- Etsy Inc's inventory turnover data is not available from March 31, 2020, to December 31, 2024.

Receivables Turnover:
- The receivables turnover for Etsy Inc has shown a consistent improvement over the analyzed period.
- It increased from 74.89 on March 31, 2020, to 322.72 on December 31, 2024.
- This indicates that the company is collecting its receivables more efficiently as the ratio is increasing.

Payables Turnover:
- The payables turnover ratio for Etsy Inc fluctuated during the analyzed period.
- It ranged from a low of 11.37 on December 31, 2020, to a high of 80.97 on March 31, 2024.
- This fluctuation suggests varying payment terms with suppliers or changes in the company's purchasing patterns.

Working Capital Turnover:
- The working capital turnover ratio demonstrates how efficiently Etsy Inc is using its working capital to generate revenue.
- The ratio increased from 1.17 on March 31, 2020, to 4.24 on December 31, 2024, showing a positive trend in utilizing working capital effectively.
- This indicates that the company is generating more sales relative to its working capital, which is a favorable sign of efficiency.

In summary, while the inventory turnover data is unavailable, the receivables turnover and working capital turnover ratios for Etsy Inc show positive trends in collection efficiency and working capital utilization. On the other hand, the payables turnover ratio fluctuates, indicating varying payment dynamics with suppliers.

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	1.13	1.13	1.36	2.19	3.28	2.61	3.09	3.65	3.97	3.21	3.04	3.20	4.27	3.91	3.45	4.10	4.78	4.32	5.36	4.87
Number of days of payables	days	12.24	8.80	5.85	4.51	13.18	6.47	6.98	9.47	14.10	8.45	9.26	8.39	15.62	8.18	17.35	11.39	32.11	19.95	16.49	12.81

Etsy Inc's activity ratios provide insight into how efficiently the company manages its inventory, collects its accounts receivable, and pays its accounts payable.

1. Days of Inventory on Hand (DOH): Unfortunately, the data for Etsy Inc's DOH is not provided in the JSON document. This ratio measures the average number of days it takes for a company to sell its inventory. A lower DOH indicates that inventory turnover is high, meaning the company is selling its products quickly.

2. Days of Sales Outstanding (DSO): Etsy Inc's DSO has shown a decreasing trend over the years, from 4.87 days on March 31, 2020, to 1.13 days on December 31, 2024. A lower DSO implies that the company is collecting payments from customers quickly, which is a positive sign of efficient accounts receivable management.

3. Number of Days of Payables: The number of days of payables for Etsy Inc has fluctuated over the years but generally shows a decreasing trend from 12.81 days on March 31, 2020, to 12.24 days on December 31, 2024. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which can indicate good relationships with suppliers but may also indicate a need to manage cash flow effectively.

Overall, while the data doesn't provide a complete picture of all activity ratios for Etsy Inc, the analysis suggests that the company has been efficient in collecting payments from customers and managing its payables, although information on inventory turnover is lacking. It's important for investors and stakeholders to consider all these activity ratios collectively to assess the overall operational efficiency of the company.

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	19.02	11.52	11.61	11.38	17.80	11.04	10.99	10.58	17.39	9.91	9.22	8.69	14.04	11.21	20.30	18.97	27.73	5.10	4.20	—
Total asset turnover	1.16	1.15	1.13	1.10	1.02	1.11	1.04	1.05	0.97	1.01	0.67	0.63	0.61	0.64	0.65	0.82	0.72	0.62	0.64	0.58

Etsy Inc's fixed asset turnover ratio has fluctuated over the years, indicating how efficiently the company is utilizing its fixed assets to generate revenue. The ratio peaked at 27.73 on December 31, 2020, which may suggest a significant increase in productivity or a change in asset base during that period. However, it gradually decreased over the following quarters, indicating a potential slowdown in asset utilization efficiency.

On the other hand, the total asset turnover ratio, which measures the company's overall efficiency in generating sales from its total assets, has shown a more stable trend. The ratio has generally increased from 0.58 on March 31, 2020, to 1.16 on December 31, 2024. This indicates that Etsy has been able to generate more revenue from its total assets over time, reflecting improved operational efficiency or potentially better asset management.

Overall, while the fixed asset turnover ratio has shown fluctuations, the total asset turnover ratio has displayed a more positive trend, suggesting improved efficiency in generating sales relative to the company's total asset base. Continued monitoring of these ratios can provide insights into Etsy's operational performance and asset utilization efficiency in the long term.