Expedia Group Inc. (EXPE)

Working capital 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
Revenue (ttm)	US$ in thousands	13,461,000	13,205,000	13,012,000	12,751,000	12,581,000	12,396,000	12,158,000	11,945,000	11,465,000	11,457,000	10,704,000	9,648,000	8,373,000	6,685,000	5,200,000	3,643,000	4,960,000	6,787,000	8,914,000	11,557,000
Total current assets	US$ in thousands	9,815,000	10,832,000	13,515,000	12,348,000	9,230,000	10,094,000	12,813,000	12,126,000	8,791,000	9,270,000	11,786,000	11,147,000	8,181,000	9,043,000	11,113,000	8,836,000	5,634,000	6,735,000	8,944,000	7,652,000
Total current liabilities	US$ in thousands	13,611,000	14,787,000	17,756,000	15,565,000	11,783,000	12,560,000	15,429,000	14,612,000	10,778,000	11,119,000	13,837,000	12,469,000	9,450,000	9,751,000	11,713,000	8,774,000	5,406,000	5,636,000	7,872,000	9,608,000
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	58.76	21.75	6.18	8.32	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,461,000K ÷ ($9,815,000K – $13,611,000K)
= —

The working capital turnover ratio of Expedia Group Inc. is a measure of how efficiently the company is utilizing its working capital to generate sales revenue.

Based on the provided data:
- As of June 30, 2020, the working capital turnover was 8.32, indicating that for every dollar of working capital, Expedia generated $8.32 of sales during that period.
- The ratio decreased to 6.18 as of September 30, 2020, which could suggest a less efficient use of working capital to generate revenue.
- By December 31, 2020, the ratio significantly improved to 21.75, reflecting a much higher level of sales relative to the working capital invested.
- The ratio surged to 58.76 as of March 31, 2021, indicating a substantial increase in sales generated per unit of working capital.
- However, there is a lack of data from June 30, 2021, onwards, making it difficult to provide further analysis beyond March 31, 2021.

In summary, Expedia Group Inc. experienced fluctuations in its working capital turnover ratio, with significant improvements seen by the end of 2020 and March 2021. These variations could highlight changes in the company's efficiency in utilizing its working capital to drive sales growth during the periods analyzed.