Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
CoStar Group Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | CoStar Group Inc. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CoStar Group Inc. payables turnover ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CoStar Group Inc. working capital turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | CoStar Group Inc. number of days of payables outstanding increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Receivables Turnover
CoStar Group Inc., receivables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Revenues | 605,906) | 584,366) | 573,345) | 556,921) | 536,308) | 515,825) | 506,786) | 499,319) | 480,333) | 457,697) | 444,393) | 425,620) | 397,159) | 391,847) | 374,726) | 352,808) | 343,760) | 328,425) | 315,571) | 305,525) | 297,018) | 273,718) | |||||||
| Accounts receivable, net | 181,213) | 181,758) | 153,945) | 147,770) | 152,173) | 134,978) | 124,817) | 115,651) | 108,269) | 109,798) | 103,949) | 105,014) | 113,667) | 112,248) | 92,240) | 91,325) | 95,583) | 92,841) | 89,192) | 82,279) | 69,984) | 68,914) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Receivables turnover1 | 12.81 | 12.38 | 14.18 | 14.32 | 13.53 | 14.83 | 15.58 | 16.27 | 16.70 | 15.71 | 15.96 | 15.13 | 13.34 | 13.03 | 15.17 | 14.68 | 13.53 | 13.43 | 13.36 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Cintas Corp. | 7.37 | 7.50 | 7.81 | 7.58 | 7.62 | 7.84 | 7.89 | 7.42 | 7.62 | 8.10 | 8.14 | 7.70 | 7.51 | 7.64 | 7.57 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Receivables turnover
= (RevenuesQ2 2023
+ RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022)
÷ Accounts receivable, net
= (605,906 + 584,366 + 573,345 + 556,921)
÷ 181,213 = 12.81
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | CoStar Group Inc. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 but then slightly improved from Q1 2023 to Q2 2023. |
Payables Turnover
CoStar Group Inc., payables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Cost of revenues | 112,362) | 119,196) | 109,194) | 108,364) | 100,971) | 95,479) | 86,330) | 92,597) | 89,566) | 88,748) | 78,154) | 77,865) | 74,040) | 78,909) | 74,996) | 71,172) | 71,918) | 71,153) | 68,248) | 72,072) | 67,136) | 62,477) | |||||||
| Accounts payable | 61,546) | 31,664) | 28,460) | 31,435) | 32,132) | 19,191) | 22,244) | 17,487) | 16,376) | 16,870) | 15,732) | 20,266) | 26,864) | 22,486) | 7,640) | 8,082) | 6,996) | 7,919) | 6,327) | 10,114) | 9,394) | 7,845) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Payables turnover1 | 7.30 | 13.82 | 14.55 | 12.44 | 11.68 | 18.97 | 16.06 | 19.96 | 20.42 | 18.90 | 19.64 | 15.09 | 11.13 | 13.21 | 37.86 | 34.95 | 40.51 | 35.18 | 42.66 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Cintas Corp. | 14.41 | 14.94 | 16.79 | 17.32 | 16.54 | 19.09 | 16.47 | 15.71 | 13.71 | 15.09 | 16.67 | 16.07 | 15.12 | 16.03 | 16.65 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Payables turnover
= (Cost of revenuesQ2 2023
+ Cost of revenuesQ1 2023
+ Cost of revenuesQ4 2022
+ Cost of revenuesQ3 2022)
÷ Accounts payable
= (112,362 + 119,196 + 109,194 + 108,364)
÷ 61,546 = 7.30
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CoStar Group Inc. payables turnover ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Working Capital Turnover
CoStar Group Inc., working capital turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Current assets | 5,444,884) | 5,297,636) | 5,185,867) | 5,006,587) | 4,180,761) | 4,100,258) | 3,988,125) | 3,914,837) | 3,817,931) | 3,822,327) | 3,888,512) | 4,007,233) | 3,690,648) | 2,070,390) | 1,199,165) | 1,504,722) | 1,413,762) | 1,346,371) | 1,213,298) | 1,179,268) | 1,075,985) | 1,032,004) | |||||||
| Less: Current liabilities | 442,775) | 401,021) | 372,615) | 325,906) | 349,950) | 370,195) | 338,689) | 321,517) | 328,678) | 290,135) | 330,850) | 245,111) | 263,365) | 236,679) | 207,056) | 198,036) | 197,260) | 198,227) | 154,159) | 153,470) | 145,920) | 165,643) | |||||||
| Working capital | 5,002,109) | 4,896,615) | 4,813,252) | 4,680,681) | 3,830,811) | 3,730,063) | 3,649,436) | 3,593,320) | 3,489,253) | 3,532,192) | 3,557,662) | 3,762,122) | 3,427,283) | 1,833,711) | 992,109) | 1,306,686) | 1,216,502) | 1,148,144) | 1,059,139) | 1,025,798) | 930,065) | 866,361) | |||||||
| Revenues | 605,906) | 584,366) | 573,345) | 556,921) | 536,308) | 515,825) | 506,786) | 499,319) | 480,333) | 457,697) | 444,393) | 425,620) | 397,159) | 391,847) | 374,726) | 352,808) | 343,760) | 328,425) | 315,571) | 305,525) | 297,018) | 273,718) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Working capital turnover1 | 0.46 | 0.46 | 0.45 | 0.45 | 0.54 | 0.54 | 0.53 | 0.52 | 0.52 | 0.49 | 0.47 | 0.42 | 0.44 | 0.80 | 1.41 | 1.03 | 1.06 | 1.09 | 1.13 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Cintas Corp. | 6.25 | 7.08 | 6.55 | 120.40 | 15.56 | 34.83 | 7.83 | 4.04 | 4.35 | 4.46 | 4.97 | 5.07 | 5.98 | 6.00 | 6.22 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Working capital turnover
= (RevenuesQ2 2023
+ RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022)
÷ Working capital
= (605,906 + 584,366 + 573,345 + 556,921)
÷ 5,002,109 = 0.46
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CoStar Group Inc. working capital turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Average Receivable Collection Period
CoStar Group Inc., average receivable collection period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Receivables turnover | 12.81 | 12.38 | 14.18 | 14.32 | 13.53 | 14.83 | 15.58 | 16.27 | 16.70 | 15.71 | 15.96 | 15.13 | 13.34 | 13.03 | 15.17 | 14.68 | 13.53 | 13.43 | 13.36 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average receivable collection period1 | 29 | 29 | 26 | 25 | 27 | 25 | 23 | 22 | 22 | 23 | 23 | 24 | 27 | 28 | 24 | 25 | 27 | 27 | 27 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||||||||
| Cintas Corp. | 49 | 49 | 47 | 48 | 48 | 47 | 46 | 49 | 48 | 45 | 45 | 47 | 49 | 48 | 48 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.81 = 29
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Average Payables Payment Period
CoStar Group Inc., average payables payment period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||||||||||||
| Payables turnover | 7.30 | 13.82 | 14.55 | 12.44 | 11.68 | 18.97 | 16.06 | 19.96 | 20.42 | 18.90 | 19.64 | 15.09 | 11.13 | 13.21 | 37.86 | 34.95 | 40.51 | 35.18 | 42.66 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average payables payment period1 | 50 | 26 | 25 | 29 | 31 | 19 | 23 | 18 | 18 | 19 | 19 | 24 | 33 | 28 | 10 | 10 | 9 | 10 | 9 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||||||||
| Cintas Corp. | 25 | 24 | 22 | 21 | 22 | 19 | 22 | 23 | 27 | 24 | 22 | 23 | 24 | 23 | 22 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 7.30 = 50
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | CoStar Group Inc. number of days of payables outstanding increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |