Expedia Group Inc. (EXPE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,585,000 | 12,534,000 | 11,327,000 | 8,359,000 | 4,977,000 |
| Receivables | US$ in thousands | 3,252,000 | 2,833,000 | 2,118,000 | 1,349,000 | 821,000 |
| Receivables turnover | 4.18 | 4.42 | 5.35 | 6.20 | 6.06 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,585,000K ÷ $3,252,000K
= 4.18
The receivables turnover ratio for Expedia Group Inc. has shown a slight increase from 6.06 in December 31, 2020, to 6.20 in December 31, 2021. This indicates that the company is converting its accounts receivable into cash slightly more efficiently in the following year. However, there has been a decline in the ratio to 5.35 in December 31, 2022, and a further decrease to 4.42 in December 31, 2023, which may signify potential issues in collecting payments from customers. The trend continued with a lower ratio of 4.18 in December 31, 2024, indicating a continued challenge in collecting receivables effectively over the years. This decrease in the receivables turnover ratio may warrant further examination into the company's credit policies, collection practices, and potential changes in customer payment behavior.
Peer comparison
Dec 31, 2024