Expedia Group Inc. (EXPE)

Days of sales outstanding (DSO)

		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
Receivables turnover		4.44	4.37	4.09	4.64	5.41	5.57	4.70	5.28	6.21	4.21	2.83	2.60	6.04	7.15	8.04	7.72	4.61	4.28	3.80	4.05
DSO	days	82.19	83.54	89.25	78.71	67.43	65.50	77.68	69.19	58.81	86.65	129.08	140.17	60.42	51.04	45.41	47.28	79.20	85.19	96.08	90.11

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.44
= 82.19

To analyze Expedia Group Inc's Days Sales Outstanding (DSO) over the past eight quarters, we observe a fluctuating trend in the collection of accounts receivable. In Q4 2022, DSO stood at 66.26 days and remained relatively stable in Q1 2023 at 77.82 days, indicating a slight increase in the time taken to collect sales revenue. Subsequently, DSO spiked to 88.51 days in Q2 2023, reflecting a significant delay in collecting receivables compared to previous quarters.

In Q3 2023, there was a slight decrease in DSO to 82.38 days, but it still remained elevated compared to earlier periods. Finally, in Q4 2023, DSO decreased to 80.54 days, but it is still higher than the levels observed in Q4 2022 and Q1 2023. This suggests a persistent challenge in efficiently managing accounts receivable and converting sales into cash.

Overall, the trend in Expedia Group Inc's DSO indicates a need for closer monitoring and potential improvement in credit and collection policies to expedite the conversion of sales into cash and enhance the company's liquidity position.