TripAdvisor Inc (TRIP)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,744,000 | 1,452,000 | 858,000 | 568,000 | 1,554,000 |
| Receivables | US$ in thousands | 192,000 | 173,000 | 154,000 | 120,000 | 176,000 |
| Receivables turnover | 9.08 | 8.39 | 5.57 | 4.73 | 8.83 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,744,000K ÷ $192,000K
= 9.08
The receivables turnover ratio for TripAdvisor Inc. has shown fluctuations over the past five years. In 2019, the ratio was 8.52, indicating that the company collected its accounts receivable approximately 8.52 times during the year. Subsequently, in 2020 and 2021, the ratio decreased to 4.54 and 4.72, respectively, suggesting that the company took longer to collect its receivables during those periods.
However, there was a notable improvement in 2022 when the receivables turnover ratio increased to 7.28, indicating a more efficient collection of outstanding receivables. This improvement continued into 2023, with the ratio reaching 9.31, highlighting further efficiency in the collection of accounts receivable.
Overall, the trend in the receivables turnover ratio for TripAdvisor Inc. shows variability but demonstrates a recent positive trend, implying enhanced effectiveness in collecting outstanding receivables in the more recent years.
Peer comparison
Dec 31, 2023