Match Group Inc (MTCH)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,479,373 | 3,485,425 | 3,471,541 | 3,437,027 | 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 | 3,075,387 | 3,641,660 | 4,248,760 | 4,879,970 |
| Total current assets | US$ in thousands | 1,397,760 | 1,322,700 | 1,285,920 | 1,249,880 | 1,271,310 | 1,118,280 | 1,128,930 | 950,929 | 882,385 | 705,547 | 804,813 | 1,233,810 | 1,218,250 | 1,052,060 | 634,476 | 1,204,240 | 1,020,210 | 738,159 | 451,748 | 3,536,310 |
| Total current liabilities | US$ in thousands | 549,461 | 530,288 | 512,335 | 518,890 | 531,768 | 570,135 | 534,158 | 552,366 | 556,354 | 601,736 | 627,686 | 1,074,030 | 1,168,300 | 747,954 | 577,967 | 469,924 | 500,036 | 488,195 | 459,042 | 1,064,420 |
| Working capital turnover | 4.10 | 4.40 | 4.49 | 4.70 | 4.55 | 5.99 | 5.40 | 7.97 | 9.78 | 30.91 | 18.07 | 19.49 | 59.73 | 9.30 | 47.19 | 3.42 | 5.91 | 14.57 | — | 1.97 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,479,373K ÷ ($1,397,760K – $549,461K)
= 4.10
The working capital turnover ratio is a measure of how efficiently a company is able to generate revenue from its working capital. It is calculated by dividing the net sales by the average working capital during a specific period. In the case of Match Group Inc, the working capital turnover ratio has fluctuated over the reported periods.
From March 31, 2020, to December 31, 2021, Match Group Inc experienced significant variations in its working capital turnover ratio, ranging from 1.97 to 59.73. These fluctuations may suggest changes in the company's working capital management efficiency during these periods.
Subsequently, the working capital turnover ratio decreased to 7.97 by March 31, 2023, and further declined to 4.10 by December 31, 2024. These decreasing trends could indicate potential issues in the company's ability to efficiently utilize its working capital to generate sales revenue.
Overall, Match Group Inc's working capital turnover ratio has shown variability over the reported periods, highlighting the importance of closely monitoring this metric to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024