Expedia Group Inc. (EXPE)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,378,000 | 8,496,000 | 8,759,000 | 8,777,000 | 8,807,000 | 9,457,000 | 9,055,000 | 9,043,000 | 8,674,000 | 8,337,000 | 7,925,000 | 7,347,000 | 6,616,000 | 5,939,000 | 5,173,000 | 4,338,000 | 6,182,000 | 5,759,000 | 5,120,000 | 4,681,000 |
| Payables | US$ in thousands | 1,039,000 | 1,178,000 | 1,361,000 | 1,207,000 | 1,077,000 | 1,130,000 | 1,066,000 | 1,010,000 | 947,000 | 1,132,000 | 1,178,000 | 934,000 | 688,000 | 769,000 | 778,000 | 565,000 | 496,000 | 521,000 | 518,000 | 859,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,378,000K ÷ $1,039,000K
= 9.03
The payables turnover ratio for Expedia Group Inc. has shown some fluctuation over the periods analyzed. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a particular period.
From March 31, 2020, to December 31, 2024, the payables turnover ratio ranged from a low of 5.45 to a high of 12.46. The company's ability to pay off its accounts payable improved from 2020 to 2021, with a peak of 12.46 on December 31, 2020. However, the ratio declined in the following periods, reaching a low of 6.44 on June 30, 2024.
Overall, the payables turnover ratio for Expedia Group Inc. demonstrates variability over time, which may indicate changes in the company's payment policies, supplier relationships, or operational efficiency. Further analysis in conjunction with other financial metrics would be necessary to fully assess the implications of these fluctuations on the company's financial performance.
Peer comparison
Dec 31, 2024