Match Group Inc (MTCH)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,013,733 | 2,104,622 | 2,079,267 | 2,279,235 | 2,300,660 | 1,921,368 | 1,934,789 | 1,675,884 | 1,586,683 | 1,525,403 | 1,410,338 | 1,282,944 | 2,171,433 | 2,292,745 | 2,200,028 | 2,168,159 | 1,127,420 | 1,086,567 | 1,027,420 | 969,255 |
| Payables | US$ in thousands | 13,187 | 11,329 | 8,004 | 14,393 | 13,699 | 14,774 | 15,200 | 22,022 | 37,871 | 30,256 | 57,937 | 13,152 | 29,200 | 16,347 | 11,959 | 102,367 | 94,356 | 100,858 | 104,392 | 83,535 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,013,733K ÷ $13,187K
= 152.71
Based on the data provided for Match Group Inc.'s payables turnover from Q4 2022 to Q4 2023, there has been a fluctuation in the efficiency of the company in managing its accounts payable. The payables turnover ratio measures how many times a company pays off its accounts payable balance during a period.
In Q4 2023, the payables turnover ratio was 72.35, showing a decrease from the previous quarter Q3 2023 when it was 86.66. This decline may indicate that the company took longer to settle its accounts payable in Q4 2023 compared to Q3 2023.
However, it is important to note that the payables turnover ratio in Q4 2023 (72.35) is still higher than the ratios in Q2 2023 (121.59) and Q1 2023 (66.96). This suggests that Match Group Inc. managed its accounts payable more efficiently in Q4 2023 than in the earlier quarters of 2023.
When comparing the payables turnover ratios to the same periods in 2022, there is a noticeable improvement in the efficiency of managing payables. For instance, the payables turnover ratio in Q4 2023 (72.35) is significantly higher than in Q4 2022 (70.08), indicating improved efficiency in paying off accounts payable obligations.
Overall, while there has been some fluctuation in Match Group Inc.'s payables turnover ratio throughout the quarters in 2023, the company generally demonstrates a reasonable level of efficiency in managing its accounts payable compared to the previous year.
Peer comparison
Dec 31, 2023