Match Group Inc (MTCH)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 152.71 | 185.77 | 259.78 | 158.36 | 167.94 | 130.05 | 127.29 | 76.10 | 41.90 | 50.42 | 24.34 | 97.55 | 74.36 | 140.25 | 183.96 | 21.18 | 11.95 | 10.77 | 9.84 | 11.60 | |
| Number of days of payables | days | 2.39 | 1.96 | 1.41 | 2.30 | 2.17 | 2.81 | 2.87 | 4.80 | 8.71 | 7.24 | 14.99 | 3.74 | 4.91 | 2.60 | 1.98 | 17.23 | 30.55 | 33.88 | 37.09 | 31.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 152.71
= 2.39
Match Group Inc.'s number of days of payables has shown a fluctuating trend over the past eight quarters. In Q1 2022, the company took approximately 8.97 days to pay its suppliers, which then decreased to 5.88 days by Q2 2022. However, from Q3 2022 to Q1 2023, the number of days of payables increased, reaching 5.45 days in Q1 2023. Subsequently, in Q2 2023, there was a notable decrease to 3.00 days, followed by a slight increase to 4.21 days in Q3 2023. In the most recent quarter, Q4 2023, Match Group Inc. further reduced its number of days of payables to 5.05 days.
This indicates that the company has been managing its payables efficiently, with a general trend of decreasing the number of days taken to settle its supplier invoices over the analyzed period. Such improvements can have a positive impact on Match Group Inc.'s cash flow management and liquidity position. Additionally, a lower number of days of payables may suggest strong vendor relations and potentially favorable terms negotiated with suppliers.
Peer comparison
Dec 31, 2023