Yelp Inc (YELP)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 23.83 | 29.80 | 16.20 | — | — | 5.10 | 5.34 | — | — | — | — | — | — | — | — |
| Receivables turnover | 9.24 | 8.25 | 8.45 | 8.84 | 9.14 | 9.19 | 9.05 | 9.72 | 9.69 | 9.44 | 9.37 | 9.72 | 9.96 | 10.78 | 12.18 | 11.99 | 9.49 | 9.75 | 10.11 | 10.70 |
| 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 |
| Working capital turnover | 3.01 | 3.02 | 3.44 | 3.17 | 2.92 | 2.76 | 2.62 | 2.46 | 2.16 | 1.94 | 1.79 | 1.58 | 1.55 | 1.72 | 1.92 | 2.27 | 2.54 | 2.72 | 2.45 | 1.48 |
Inventory turnover for Yelp Inc is not available in the data provided.
Receivables turnover for Yelp Inc has remained relatively stable over the past eight quarters, ranging from 8.17 to 9.63. This indicates that the company collects its accounts receivable approximately 8 to 9 times per year on average.
Payables turnover for Yelp Inc has varied significantly, with the highest turnover of 16.95 in Q3 2023 and the lowest turnover of 5.47 in Q2 2022. The company is paying its accounts payable between 5 to 17 times per year on average.
Working capital turnover, which measures how efficiently a company utilizes its working capital to generate sales, has shown an increasing trend from 2.44 in Q1 2022 to 2.98 in Q4 2023. This indicates that Yelp Inc is improving its ability to generate revenue relative to its working capital.
Overall, while receivables turnover and working capital turnover have shown consistency and improvement over time, payables turnover has been more volatile. This suggests that Yelp Inc may need to manage its payables more effectively to ensure smoother cash flow operations.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 15.32 | 12.25 | 22.53 | — | — | 71.51 | 68.38 | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 39.49 | 44.23 | 43.22 | 41.27 | 39.94 | 39.72 | 40.32 | 37.56 | 37.66 | 38.65 | 38.97 | 37.54 | 36.63 | 33.85 | 29.97 | 30.43 | 38.44 | 37.43 | 36.10 | 34.10 |
| Number of days of payables | days | 4.71 | 15.78 | 27.11 | 49.98 | 54.71 | 6.01 | 14.73 | 16.22 | 75.37 | 93.73 | 85.47 | 34.74 | 56.51 | 66.20 | 15.16 | 34.51 | 35.10 | 19.09 | 18.24 | 18.64 |
Days of Inventory on Hand (DOH) measures how many days it takes for a company to turn its inventory into sales. Unfortunately, specific data for Yelp Inc's DOH is not provided in the table for the identified quarters.
Days of Sales Outstanding (DSO) indicates the average number of days it takes for a company to collect revenue after a sale is made. Yelp Inc's DSO fluctuated over the past quarters, ranging from 39.90 days in Q4 2023 to 40.34 days in Q4 2022. A lower DSO implies faster cash collection, while a higher DSO may signal difficulties in collecting payments promptly.
Number of Days of Payables gauges how long a company takes to pay its suppliers. Yelp Inc's payables days varied significantly, from 21.54 days in Q3 2023 to 66.72 days in Q2 2022. Lower payables days indicate quicker payment to suppliers, while higher payables days may reflect a more extended time taken to settle payables.
Overall, Yelp Inc's activity ratios show fluctuations in DSO and payables days, reflecting potential changes in its collection and payment cycles. An analysis of inventory turnover effectiveness is limited due to the absence of DOH data. Further examination and trend analysis would be necessary to assess Yelp Inc's operational efficiency and cash management practices accurately.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 19.66 | 18.20 | 16.95 | 16.14 | 15.61 | 14.86 | 13.73 | 13.06 | 12.41 | 10.81 | 10.27 | 8.81 | 8.66 | 8.67 | 8.94 | 9.35 | 9.14 | 8.68 | 8.48 | 8.57 |
| Total asset turnover | 1.33 | 1.28 | 1.24 | 1.22 | 1.19 | 1.13 | 1.10 | 1.04 | 0.99 | 0.93 | 0.86 | 0.76 | 0.76 | 0.80 | 0.89 | 0.95 | 0.95 | 0.96 | 0.89 | 0.71 |
The long-term activity ratios for Yelp Inc exhibit positive trends over the quarters analyzed. The fixed asset turnover has been consistently increasing from 12.95 in Q1 2022 to 19.47 in Q4 2023, indicating that the company is generating more revenue relative to its fixed assets, reflecting improved efficiency in asset utilization over time.
Similarly, the total asset turnover ratio has also shown a consistent upward trend, rising from 1.03 in Q1 2022 to 1.32 in Q4 2023. This indicates that Yelp Inc is generating more revenue relative to its total assets, reflecting efficient asset utilization and increased productivity.
Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios suggests that Yelp Inc has been effectively managing its assets to generate higher revenues, indicating improved operational efficiency and effectiveness over the quarters analyzed.