TripAdvisor Inc (TRIP)
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 | 1,744,000 | 1,712,000 | 1,638,000 | 1,561,000 | 1,451,000 | 1,337,000 | 1,180,000 | 998,000 | 860,000 | 731,000 | 578,000 | 402,000 | 566,000 | 797,000 | 1,086,000 | 1,459,000 | 1,557,000 | 1,568,000 | 1,599,000 | 1,611,000 |
| Receivables | US$ in thousands | 192,000 | 214,000 | 262,000 | 223,000 | 173,000 | 150,000 | 198,000 | 181,000 | 154,000 | 203,000 | 161,000 | 123,000 | 120,000 | 130,000 | 124,000 | 180,000 | 176,000 | 212,000 | 261,000 | 227,000 |
| Receivables turnover | 9.08 | 8.00 | 6.25 | 7.00 | 8.39 | 8.91 | 5.96 | 5.51 | 5.58 | 3.60 | 3.59 | 3.27 | 4.72 | 6.13 | 8.76 | 8.11 | 8.85 | 7.40 | 6.13 | 7.10 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,744,000K ÷ $192,000K
= 9.08
The receivables turnover ratio for TripAdvisor Inc. has fluctuated over the past eight quarters. In Q4 2023, the receivables turnover ratio was 9.31, indicating that the company collected its accounts receivable approximately 9.31 times during the quarter. This suggests an improvement in the efficiency of collecting receivables compared to previous quarters.
The trend in the receivables turnover ratio shows variability, with the ratio ranging from a low of 4.55 in Q1 2022 to a high of 9.31 in Q4 2023. Generally, a higher receivables turnover ratio is viewed favorably as it indicates that the company is collecting its accounts receivable more quickly.
It is important for investors and stakeholders to closely monitor the receivables turnover ratio to assess the company's ability to efficiently manage its accounts receivable and convert them into cash. A consistent improvement or maintenance of a high receivables turnover ratio could signify effective credit management practices and liquidity for the company.
Peer comparison
Dec 31, 2023