Expedia Group Inc. (EXPE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,534,000 | 11,327,000 | 8,359,000 | 4,977,000 | 11,882,000 |
| Receivables | US$ in thousands | 2,833,000 | 2,118,000 | 1,349,000 | 821,000 | 2,594,000 |
| Receivables turnover | 4.42 | 5.35 | 6.20 | 6.06 | 4.58 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,534,000K ÷ $2,833,000K
= 4.42
The receivables turnover of Expedia Group Inc has shown a declining trend over the past five years. In 2023, the receivables turnover ratio declined to 4.53, down from 5.51 in 2022, indicating that the company collected its accounts receivable less frequently during the year. The reduction in receivables turnover could suggest a longer collection period for the company's outstanding receivables, which may have implications for its cash flow and liquidity management. Further investigation into the underlying reasons for the decline in receivables turnover would be necessary to fully assess the impact on the company's financial performance and operations.
Peer comparison
Dec 31, 2023