Match Group Inc (MTCH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 151.79 | 169.53 | 48.83 | 49.13 | 11.95 | |
| Number of days of payables | days | 2.40 | 2.15 | 7.48 | 7.43 | 30.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 151.79
= 2.40
The number of days of payables for Match Group Inc. has shown a declining trend over the past five years. As of December 31, 2023, the company was taking approximately 5.05 days to pay its suppliers, a slight decrease from the prior year's 5.21 days. This indicates that Match Group Inc. is efficiently managing its payables by promptly settling its obligations to suppliers.
Comparing the current number of days of payables to five years ago, there has been a notable improvement from 30.55 days in 2019 to 5.05 days in 2023. This significant reduction suggests that Match Group Inc. has become more efficient in managing its payables and may have implemented better working capital management practices.
Overall, the decreasing trend in the number of days of payables for Match Group Inc. reflects a positive trajectory in the company's ability to maintain strong supplier relationships and effectively manage its cash flow.
Peer comparison
Dec 31, 2023