Expedia Group Inc. (EXPE)

Payables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 8,807,000 8,674,000 6,616,000 6,182,000 2,163,000
Payables US$ in thousands 1,077,000 947,000 688,000 496,000 906,000
Payables turnover 8.18 9.16 9.62 12.46 2.39

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $8,807,000K ÷ $1,077,000K
= 8.18

Expedia Group Inc's payables turnover has shown a decreasing trend over the past five years, from 0.77 in 2019 to 0.50 in 2023. This indicates a declining efficiency in managing its accounts payable. In 2020, the payables turnover spiked to 1.53, suggesting a significant improvement in managing its payables that year. However, this improvement was not sustained, as the ratio decreased in the following years. A lower payables turnover may signify longer payment periods to suppliers, potential liquidity issues, or changes in the company's payment policies. Further investigation into Expedia's working capital management and supplier relationships may be warranted to address the declining trend in payables turnover.


Peer comparison

Dec 31, 2023


See also:

Expedia Group Inc. Payables Turnover