Analysis of Short-term (Operating) Activity Ratios
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)
Expedia Group Inc., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Expedia Group Inc. receivables turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Expedia Group Inc. payables turnover ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |
| 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. | Expedia Group Inc. number of days of receivables outstanding improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| 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. | Expedia Group Inc. number of days of payables outstanding decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level. |
Receivables Turnover
Expedia Group Inc., receivables turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 8,598) | 5,199) | 12,067) | 11,223) | 10,060) | |
| Accounts receivable, net of allowance | 1,264) | 701) | 2,524) | 2,151) | 1,866) | |
| Short-term Activity Ratio | ||||||
| Receivables turnover1 | 6.80 | 7.42 | 4.78 | 5.22 | 5.39 | |
| Benchmarks | ||||||
| Receivables Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 23.26 | 26.09 | 22.26 | — | — | |
| Home Depot Inc. | 44.15 | 52.34 | 55.89 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | |
| TJX Cos. Inc. | 69.69 | 108.00 | 112.54 | — | — | |
| Receivables Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 30.59 | 35.28 | — | — | — | |
| Receivables Turnover, Industry | ||||||
| Consumer Discretionary | 21.21 | 21.81 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Receivables turnover = Revenue ÷ Accounts receivable, net of allowance
= 8,598 ÷ 1,264 = 6.80
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. | Expedia Group Inc. receivables turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Payables Turnover
Expedia Group Inc., payables turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cost of revenue, exclusive of depreciation and amortization | 1,522) | 1,680) | 2,077) | 1,864) | 1,757) | |
| Accounts payable, merchant | 1,333) | 602) | 1,921) | 1,699) | 1,838) | |
| Short-term Activity Ratio | ||||||
| Payables turnover1 | 1.14 | 2.79 | 1.08 | 1.10 | 0.96 | |
| Benchmarks | ||||||
| Payables Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 3.46 | 3.22 | 3.51 | — | — | |
| Home Depot Inc. | 7.52 | 9.33 | 9.16 | — | — | |
| Lowe’s Cos. Inc. | 5.51 | 6.42 | 5.85 | — | — | |
| TJX Cos. Inc. | 5.09 | 11.17 | 10.53 | — | — | |
| Payables Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 4.19 | 4.25 | — | — | — | |
| Payables Turnover, Industry | ||||||
| Consumer Discretionary | 4.66 | 4.74 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Payables turnover = Cost of revenue, exclusive of depreciation and amortization ÷ Accounts payable, merchant
= 1,522 ÷ 1,333 = 1.14
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. | Expedia Group Inc. payables turnover ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |
Working Capital Turnover
Expedia Group Inc., working capital turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 8,181) | 5,634) | 7,735) | 5,197) | 5,540) | |
| Less: Current liabilities | 9,450) | 5,406) | 10,714) | 8,060) | 7,879) | |
| Working capital | (1,269) | 228) | (2,979) | (2,863) | (2,339) | |
| Revenue | 8,598) | 5,199) | 12,067) | 11,223) | 10,060) | |
| Short-term Activity Ratio | ||||||
| Working capital turnover1 | — | 22.80 | — | — | — | |
| Benchmarks | ||||||
| Working Capital Turnover, Competitors2 | ||||||
| Amazon.com Inc. | 24.33 | 60.82 | 32.92 | — | — | |
| Home Depot Inc. | 24.87 | 76.81 | 59.68 | — | — | |
| Lowe’s Cos. Inc. | 24.92 | 530.50 | — | — | — | |
| TJX Cos. Inc. | 6.51 | 23.97 | 13.27 | — | — | |
| Working Capital Turnover, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 21.83 | 63.17 | — | — | — | |
| Working Capital Turnover, Industry | ||||||
| Consumer Discretionary | 11.02 | 13.68 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Working capital turnover = Revenue ÷ Working capital
= 8,598 ÷ -1,269 = —
2 Click competitor name to see calculations.
Average Receivable Collection Period
Expedia Group Inc., average receivable collection period calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Receivables turnover | 6.80 | 7.42 | 4.78 | 5.22 | 5.39 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average receivable collection period1 | 54 | 49 | 76 | 70 | 68 | |
| Benchmarks (no. days) | ||||||
| Average Receivable Collection Period, Competitors2 | ||||||
| Amazon.com Inc. | 16 | 14 | 16 | — | — | |
| Home Depot Inc. | 8 | 7 | 7 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | — | — | |
| TJX Cos. Inc. | 5 | 3 | 3 | — | — | |
| Average Receivable Collection Period, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 12 | 10 | — | — | — | |
| Average Receivable Collection Period, Industry | ||||||
| Consumer Discretionary | 17 | 17 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.80 = 54
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. | Expedia Group Inc. number of days of receivables outstanding improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Average Payables Payment Period
Expedia Group Inc., average payables payment period calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Payables turnover | 1.14 | 2.79 | 1.08 | 1.10 | 0.96 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average payables payment period1 | 320 | 131 | 338 | 333 | 382 | |
| Benchmarks (no. days) | ||||||
| Average Payables Payment Period, Competitors2 | ||||||
| Amazon.com Inc. | 105 | 113 | 104 | — | — | |
| Home Depot Inc. | 49 | 39 | 40 | — | — | |
| Lowe’s Cos. Inc. | 66 | 57 | 62 | — | — | |
| TJX Cos. Inc. | 72 | 33 | 35 | — | — | |
| Average Payables Payment Period, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 87 | 86 | — | — | — | |
| Average Payables Payment Period, Industry | ||||||
| Consumer Discretionary | 78 | 77 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 1.14 = 320
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. | Expedia Group Inc. number of days of payables outstanding decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level. |