Match Group Inc (MTCH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 | 2,051,260 |
| Receivables | US$ in thousands | 298,648 | 191,940 | 188,482 | 137,023 | 307,642 |
| Receivables turnover | 11.27 | 16.61 | 15.83 | 17.45 | 6.67 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,364,500K ÷ $298,648K
= 11.27
The receivables turnover ratio for Match Group Inc. has shown a declining trend over the past five years. In 2023, the receivables turnover decreased to 11.27 times from 16.61 times in 2022. This indicates that the company collected its accounts receivable approximately 11.27 times during the year, which is a reduction compared to the previous year.
While the receivables turnover ratio in 2023 was lower than in the prior year, it is still within an acceptable range. It is important to analyze the trend over multiple years to assess the company's efficiency in collecting receivables.
The declining trend in receivables turnover may suggest a longer collection period or potential issues with credit policies or customer payment patterns. It would be beneficial for Match Group Inc. to monitor and potentially improve its accounts receivable collection process to optimize cash flow and liquidity management.
Peer comparison
Dec 31, 2023