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)
Airbnb Inc., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Airbnb Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Airbnb Inc. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Airbnb Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| 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. | Airbnb Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| 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. | Airbnb Inc. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024. |
Receivables Turnover
Airbnb Inc., receivables turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 11,102) | 9,917) | 8,399) | 5,992) | 3,378) | |
| Customer receivables, net of reserve | 147) | 205) | 161) | 112) | 99) | |
| Short-term Activity Ratio | ||||||
| Receivables turnover1 | 75.52 | 48.38 | 52.17 | 53.67 | 34.05 | |
| Benchmarks | ||||||
| Receivables Turnover, Competitors2 | ||||||
| Booking Holdings Inc. | 7.42 | 6.57 | 7.67 | 8.07 | 12.85 | |
| Chipotle Mexican Grill Inc. | 78.59 | 85.44 | 80.79 | 75.77 | 57.27 | |
| McDonald’s Corp. | 4.10 | 3.92 | 4.14 | 5.23 | 3.86 | |
| Starbucks Corp. | 29.80 | 30.38 | 27.44 | 30.92 | 26.62 | |
| Receivables Turnover, Sector | ||||||
| Consumer Services | 13.00 | 11.99 | 12.98 | 14.46 | 12.83 | |
| Receivables Turnover, Industry | ||||||
| Consumer Discretionary | 18.67 | 17.85 | 17.96 | 21.22 | 21.85 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Receivables turnover = Revenue ÷ Customer receivables, net of reserve
= 11,102 ÷ 147 = 75.52
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. | Airbnb Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Payables Turnover
Airbnb Inc., payables turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cost of revenue | 1,878) | 1,703) | 1,499) | 1,156) | 876) | |
| Accounts payable | 142) | 141) | 137) | 118) | 80) | |
| Short-term Activity Ratio | ||||||
| Payables turnover1 | 13.23 | 12.08 | 10.94 | 9.77 | 10.96 | |
| Benchmarks | ||||||
| Payables Turnover, Competitors2 | ||||||
| Booking Holdings Inc. | 6.21 | 6.14 | 6.82 | 6.91 | 9.25 | |
| Chipotle Mexican Grill Inc. | 39.38 | 36.86 | 35.61 | 35.79 | 40.52 | |
| McDonald’s Corp. | 8.10 | 7.46 | 7.53 | 7.99 | 9.42 | |
| Starbucks Corp. | 16.59 | 16.92 | 16.57 | 17.06 | 18.50 | |
| Payables Turnover, Sector | ||||||
| Consumer Services | 10.10 | 10.01 | 10.75 | 11.42 | 14.22 | |
| Payables Turnover, Industry | ||||||
| Consumer Discretionary | 5.36 | 5.18 | 4.80 | 4.66 | 4.74 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= 1,878 ÷ 142 = 13.23
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. | Airbnb Inc. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024. |
Working Capital Turnover
Airbnb Inc., working capital turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 17,180) | 16,509) | 14,861) | 12,386) | 8,916) | |
| Less: Current liabilities | 10,161) | 9,950) | 7,978) | 6,359) | 5,140) | |
| Working capital | 7,019) | 6,559) | 6,883) | 6,027) | 3,777) | |
| Revenue | 11,102) | 9,917) | 8,399) | 5,992) | 3,378) | |
| Short-term Activity Ratio | ||||||
| Working capital turnover1 | 1.58 | 1.51 | 1.22 | 0.99 | 0.89 | |
| Benchmarks | ||||||
| Working Capital Turnover, Competitors2 | ||||||
| Booking Holdings Inc. | 4.90 | 5.77 | 2.33 | 1.59 | 0.77 | |
| Chipotle Mexican Grill Inc. | 18.49 | 16.73 | 34.00 | 14.86 | 10.01 | |
| McDonald’s Corp. | 13.25 | 8.64 | 5.39 | 3.13 | 131.28 | |
| Starbucks Corp. | — | — | — | 18.11 | 51.17 | |
| Working Capital Turnover, Sector | ||||||
| Consumer Services | 8.38 | 8.74 | 5.39 | 3.49 | 3.50 | |
| Working Capital Turnover, Industry | ||||||
| Consumer Discretionary | 13.56 | 14.99 | 18.57 | 11.02 | 13.68 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Working capital turnover = Revenue ÷ Working capital
= 11,102 ÷ 7,019 = 1.58
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. | Airbnb Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Average Receivable Collection Period
Airbnb Inc., average receivable collection period calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Receivables turnover | 75.52 | 48.38 | 52.17 | 53.67 | 34.05 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average receivable collection period1 | 5 | 8 | 7 | 7 | 11 | |
| Benchmarks (no. days) | ||||||
| Average Receivable Collection Period, Competitors2 | ||||||
| Booking Holdings Inc. | 49 | 56 | 48 | 45 | 28 | |
| Chipotle Mexican Grill Inc. | 5 | 4 | 5 | 5 | 6 | |
| McDonald’s Corp. | 89 | 93 | 88 | 70 | 95 | |
| Starbucks Corp. | 12 | 12 | 13 | 12 | 14 | |
| Average Receivable Collection Period, Sector | ||||||
| Consumer Services | 28 | 30 | 28 | 25 | 28 | |
| Average Receivable Collection Period, Industry | ||||||
| Consumer Discretionary | 20 | 20 | 20 | 17 | 17 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 75.52 = 5
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. | Airbnb Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Average Payables Payment Period
Airbnb Inc., average payables payment period calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Payables turnover | 13.23 | 12.08 | 10.94 | 9.77 | 10.96 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average payables payment period1 | 28 | 30 | 33 | 37 | 33 | |
| Benchmarks (no. days) | ||||||
| Average Payables Payment Period, Competitors2 | ||||||
| Booking Holdings Inc. | 59 | 59 | 54 | 53 | 39 | |
| Chipotle Mexican Grill Inc. | 9 | 10 | 10 | 10 | 9 | |
| McDonald’s Corp. | 45 | 49 | 48 | 46 | 39 | |
| Starbucks Corp. | 22 | 22 | 22 | 21 | 20 | |
| Average Payables Payment Period, Sector | ||||||
| Consumer Services | 36 | 36 | 34 | 32 | 26 | |
| Average Payables Payment Period, Industry | ||||||
| Consumer Discretionary | 68 | 70 | 76 | 78 | 77 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 13.23 = 28
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. | Airbnb Inc. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024. |