Yelp Inc (YELP)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 919,483 | 154,354 | 161,333 | 133,271 | 96,903 | 631,117 | 433,255 | 256,171 | 78,097 | 69,373 | 61,381 | 55,213 | 57,186 | 58,521 | 61,842 | 64,992 | 62,410 | 60,009 | 57,672 | 57,405 |
| Payables | US$ in thousands | 11,868 | 6,673 | 11,981 | 18,248 | 14,525 | 10,388 | 17,485 | 11,386 | 16,127 | 17,815 | 14,373 | 5,255 | 8,853 | 10,614 | 2,568 | 6,144 | 6,002 | 3,139 | 2,882 | 2,931 |
| Payables turnover | 77.48 | 23.13 | 13.47 | 7.30 | 6.67 | 60.75 | 24.78 | 22.50 | 4.84 | 3.89 | 4.27 | 10.51 | 6.46 | 5.51 | 24.08 | 10.58 | 10.40 | 19.12 | 20.01 | 19.59 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $919,483K ÷ $11,868K
= 77.48
Yelp Inc's payables turnover has shown fluctuations over the past eight quarters. The payables turnover ratio indicates how efficiently the company is managing its accounts payable by paying off its suppliers.
In Q3 2023, the payables turnover ratio was the highest at 16.95, implying that the company was able to effectively pay off its suppliers almost 17 times during the quarter. This may indicate strong cash management and good relationships with suppliers.
Conversely, in Q1 2023, the payables turnover ratio dropped to 5.94, suggesting a slower rate of paying suppliers compared to the previous quarter. This might be a signal of potentially strained cash flow or changes in payment terms with suppliers.
Overall, the trend in Yelp Inc's payables turnover ratio indicates that the company has experienced varying levels of efficiency in managing its accounts payable over the past two years. Further analysis and comparison with industry standards would be helpful in understanding the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023