Match Group Inc (MTCH)

Short-term

Turnover ratios

Match Group Inc's inventory turnover has been relatively stable over the years, with a slight decrease from 7.74 in December 2020 to 6.95 in December 2021. However, the ratio has not been calculable for the majority of the periods provided.

The receivables turnover ratio, indicating how efficiently the company is collecting on credit sales, has not been calculable, suggesting a lack of detailed data in this area.

Similarly, the payables turnover ratio, showing how quickly the company is paying its suppliers, has not been calculable for the periods provided, indicating a lack of information on this aspect of Match Group Inc's operations.

The working capital turnover ratio, which measures how efficiently the company is utilizing its working capital to generate sales, shows considerable fluctuations over the years. The ratio ranged from a low of 1.97 in March 2020 to a high of 59.73 in December 2021. This variability suggests inconsistencies in the company's management of working capital throughout the periods analyzed.

In conclusion, while the inventory turnover and working capital turnover ratios provide some insights into Match Group Inc's operational efficiency, the lack of data for receivables turnover and payables turnover limits a comprehensive assessment of the company's overall activity ratios.

---

Average number of days

Based on the provided data, I have analyzed the activity ratios of Match Group Inc as follows:

1. Days of Inventory on Hand (DOH):
- As of December 31, 2020, Match Group Inc had an inventory turnover of 47.16 days, which increased to 52.49 days by December 31, 2021.
- The DOH ratio indicates the number of days it takes for the company to sell its inventory. The increasing trend in days of inventory indicates that Match Group Inc may be holding onto its inventory for a longer period, which could tie up capital and lead to higher carrying costs.

2. Days of Sales Outstanding (DSO):
- The DSO data is not available for the specified periods. DSO measures the average number of days it takes for a company to collect revenue after a sale is made. Without this data, it is difficult to assess Match Group Inc's efficiency in collecting accounts receivable.

3. Number of Days of Payables:
- The data on the number of days of payables is not provided in the dataset. This ratio would typically indicate the average number of days it takes for Match Group Inc to pay its suppliers. Without this information, it is challenging to evaluate the company's payment terms and liquidity management.

In conclusion, based on the available information, Match Group Inc's inventory turnover has increased over the analyzed periods, potentially indicating a slower rate of inventory turnover. However, the lack of data on DSO and payables hinders a comprehensive assessment of the company's efficiency in managing receivables and payables. Further information would be needed to provide a more thorough analysis of Match Group Inc's overall activity ratios.

---

Long-term

Match Group Inc's fixed asset turnover ratio has shown fluctuations over the past few years. It ranged from a high of 41.80 in June 2020 to a low of 16.81 in June 2023. Generally, the company has been able to effectively generate revenue from its fixed assets with ratios above 15 for most periods.

In contrast, the total asset turnover ratio has also varied but with a different trend compared to fixed asset turnover. The ratio increased from 0.58 in March 2020 to a peak of 0.82 in September 2022 before stabilizing around 0.78 in the most recent periods. This indicates that the company's ability to generate revenue from all its assets has improved over time.

Overall, the trends suggest that Match Group Inc has been efficient in utilizing both its fixed and total assets to generate revenue, with improvements in total asset turnover indicating overall efficiency in asset utilization. The company may benefit from further analysis to understand and potentially optimize its asset turnover ratios in the future.