Match Group Inc (MTCH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,001,620 | 2,322,400 | 1,849,150 | 1,434,470 | 1,127,420 |
| Payables | US$ in thousands | 13,187 | 13,699 | 37,871 | 29,200 | 94,356 |
| Payables turnover | 151.79 | 169.53 | 48.83 | 49.13 | 11.95 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,001,620K ÷ $13,187K
= 151.79
The payables turnover ratio for Match Group Inc. has been progressively increasing over the past five years, indicating an improvement in the efficiency of their payables management.
In 2019, the payables turnover ratio was 11.95, which means Match Group turned over its payables approximately 11.95 times during the year. This ratio increased to 21.78 in 2020, 22.16 in 2021, 70.08 in 2022, and further to 72.35 in 2023.
The significant increase in the payables turnover ratio from 2019 to 2023 suggests that Match Group has been managing its accounts payable effectively, possibly negotiating better payment terms with suppliers or improving internal processes related to payables. This improvement reflects positively on the company's liquidity and working capital management, as a higher turnover implies a shorter period to pay off suppliers, potentially freeing up cash for other operational needs.
Overall, the trend in Match Group Inc.'s payables turnover ratio indicates a positive development in their payables management efficiency over the analyzed period.
Peer comparison
Dec 31, 2023