Expedia Group Inc. (EXPE)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	9,378,000	8,496,000	8,759,000	8,777,000	8,807,000	9,457,000	9,055,000	9,043,000	8,674,000	8,337,000	7,925,000	7,347,000	6,616,000	5,939,000	5,173,000	4,338,000	6,182,000	5,759,000	5,120,000	4,681,000
Inventory	US$ in thousands	—	—	—	493,000	1,436,000	1,436,000	2,484,000	2,483,000	1,755,000	1,778,000	2,756,000	2,583,000	1,694,000	1,587,000	2,541,000	1,972,000	772,000	725,000	1,311,000	813,000
Inventory turnover		—	—	—	17.80	6.13	6.59	3.65	3.64	4.94	4.69	2.88	2.84	3.91	3.74	2.04	2.20	8.01	7.94	3.91	5.76

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,378,000K ÷ $—K
= —

Expedia Group Inc.'s inventory turnover ratio provides insights into how efficiently the company manages its inventory. From March 31, 2020, to June 30, 2020, the inventory turnover decreased from 5.76 to 3.91, indicating a potential slowdown in inventory movement. Subsequently, from September 30, 2020, to December 31, 2020, the ratio improved significantly to 8.01, suggesting better inventory management.

However, there was a sharp decline in the inventory turnover ratio from March 31, 2021, to June 30, 2021, and it continued to decline until September 30, 2021, indicating potential issues with inventory management efficiency during that period. There was a slight improvement in the ratio from September 30, 2021, to December 31, 2021, suggesting a better inventory turnover.

The trend of fluctuating inventory turnover ratios continued with varying levels from March 31, 2022, to December 31, 2023. During this period, the company saw some improvements and fluctuations in managing its inventory efficiently.

The most significant change occurred from March 31, 2024, where the inventory turnover ratio jumped to a very high 17.80. This sudden increase could indicate a sharp increase in sales relative to average inventory, potentially due to seasonality, sales promotions, or other factors impacting inventory turnover.

From June 30, 2024, to December 31, 2024, data is not available. It is crucial to ensure consistent and timely reporting to accurately monitor and analyze inventory turnover trends for effective inventory management. Overall, the inventory turnover ratios fluctuated over time, indicating the need for continuous monitoring and improvement in managing Expedia Group Inc.'s inventory efficiently.