Match Group Inc (MTCH)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,364,504 | 3,284,429 | 3,212,375 | 3,177,336 | 3,188,843 | 3,208,760 | 3,201,049 | 3,114,296 | 2,983,277 | 2,828,614 | 2,666,549 | 2,514,239 | 2,391,269 | 2,287,029 | 2,188,752 | 2,131,275 | 2,051,258 | 2,621,291 | 3,158,978 | 3,730,045 |
| Receivables | US$ in thousands | 298,648 | 288,084 | 272,308 | 256,876 | 191,940 | 174,446 | 182,320 | 180,577 | 188,482 | 182,083 | 259,325 | 210,679 | 137,023 | 199,682 | 186,447 | 375,854 | 307,642 | 355,924 | 365,495 | 345,686 |
| Receivables turnover | 11.27 | 11.40 | 11.80 | 12.37 | 16.61 | 18.39 | 17.56 | 17.25 | 15.83 | 15.53 | 10.28 | 11.93 | 17.45 | 11.45 | 11.74 | 5.67 | 6.67 | 7.36 | 8.64 | 10.79 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,364,504K ÷ $298,648K
= 11.27
Match Group Inc.'s receivables turnover ratio has been relatively stable over the past eight quarters, ranging from a low of 11.27 in Q4 2023 to a high of 18.39 in Q3 2022. The receivables turnover ratio measures the number of times a company collects its accounts receivable during a specific period. A higher ratio indicates that the company is collecting its receivables more frequently, which is generally considered positive.
The trend of decreasing receivables turnover from Q4 2022 to Q4 2023 suggests that Match Group Inc. may be taking longer to collect its accounts receivable. This could be due to various factors such as changes in credit policies, a decrease in customer demand, or difficulties in collecting from customers.
Overall, Match Group Inc. should closely monitor its receivables turnover and investigate the reasons behind any changes to ensure efficient management of its accounts receivable and improve cash flow.
Peer comparison
Dec 31, 2023