Expedia Group Inc. (EXPE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,378,000 | 8,807,000 | 8,674,000 | 6,616,000 | 6,182,000 |
| Payables | US$ in thousands | 1,039,000 | 1,077,000 | 947,000 | 688,000 | 496,000 |
| Payables turnover | 9.03 | 8.18 | 9.16 | 9.62 | 12.46 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,378,000K ÷ $1,039,000K
= 9.03
Expedia Group Inc.'s payables turnover ratio has shown a declining trend over the past five years, decreasing from 12.46 in 2020 to 9.03 in 2024. This indicates that the company is taking longer to pay its suppliers compared to previous years. A lower payables turnover ratio could suggest inefficient management of payables, potential liquidity issues, or changes in the company's payment terms with suppliers. It is essential for Expedia Group Inc. to monitor and potentially improve its payables turnover ratio to maintain healthy supplier relationships and optimize cash flow management.
Peer comparison
Dec 31, 2024