Expedia Group Inc. (EXPE)

Number of days of payables

		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
Payables turnover		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	2.39	2.16	1.75	1.93
Number of days of payables	days	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	152.88	169.34	208.86	189.37

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 shown fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 723.50 days compared to Q3 2023 where it was 669.43 days. This indicates that the company took longer to pay its suppliers in Q4 2023. Looking at the trend over the past year, the number of days of payables has been gradually increasing since Q1 2022, when it was at 513.58 days. This upward trend suggests that Expedia Group Inc is taking longer to settle its payables, which could potentially impact its cash flow and liquidity position. Further analysis is needed to understand the reasons behind this trend and its implications for the company's financial performance.