Expedia Group Inc. (EXPE)

Number of days of payables

		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
Payables turnover		9.03	7.21	6.44	7.27	8.18	8.37	8.49	8.95	9.16	7.36	6.73	7.87	9.62	7.72	6.65	7.68	12.46	11.05	9.88	5.45
Number of days of payables	days	40.44	50.61	56.71	50.19	44.64	43.61	42.97	40.77	39.85	49.56	54.25	46.40	37.96	47.26	54.89	47.54	29.29	33.02	36.93	66.98

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.03
= 40.44

Expedia Group Inc.'s number of days of payables has shown fluctuations over the past few years. From December 31, 2020, to March 31, 2021, the number of days of payables increased significantly from 29.29 days to 47.54 days, indicating that the company took longer to pay its suppliers during that period. However, this trend reversed in the following quarters, as the number of days of payables decreased to 37.96 days by the end of December 31, 2021.

From March 31, 2022, to June 30, 2024, Expedia Group Inc.'s number of days of payables ranged between 40.77 days to 56.71 days, showing relatively stable payment practices during this period. Notably, the number of days of payables peaked at 56.71 days on June 30, 2024, before decreasing to 50.61 days by the end of September 30, 2024.

Overall, the analysis suggests that Expedia Group Inc. has been managing its payables effectively but experienced some fluctuations in the number of days taken to settle its payables with suppliers during the period under review. It is essential for stakeholders to monitor this ratio to assess the company's liquidity position and payment practices.