Expedia Group Inc. (EXPE)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		8.18	9.16	9.62	12.46	2.39
Number of days of payables	days	44.64	39.85	37.96	29.29	152.88

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.18
= 44.64

Expedia Group Inc's number of days of payables has fluctuated over the past five years. As of December 31, 2023, the company's number of days of payables was at 723.50 days, indicating an increase from the previous year. This suggests that Expedia Group is taking longer to pay its suppliers compared to the prior year.

Looking back to December 31, 2022, the number of days of payables stood at 585.06 days, reflecting an increase from the year before. This may imply that the company's payment terms with suppliers have been extended, possibly to improve cash flow or manage working capital.

On December 31, 2021, the number of days of payables was at 484.67 days, showing a significant increase from the previous year. This could indicate a shift in the company's payment strategy or supplier relationships during that period.

By December 31, 2020, the number of days of payables was 238.55 days, a notable decrease compared to the preceding year. This suggests that Expedia Group was paying its suppliers more quickly in 2020, possibly to maintain strong relationships or take advantage of discounts.

Lastly, on December 31, 2019, the number of days of payables was 477.05 days, indicating an increase from the previous year. This fluctuation in payment periods over the years reflects the dynamics of Expedia Group's relationship with its suppliers and its financial management strategies.