Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Booking Holdings Inc. (NASDAQ:BKNG)

Analysis of Short-term (Operating) Activity Ratios

Beginner level

Short-term Activity Ratios (Summary)

Booking Holdings Inc., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Turnover Ratios
Receivables turnover 8.97 9.54 10.41 12.49 14.30
Payables turnover 0.00 0.00 0.38 1.02 1.96
Working capital turnover 3.37 2.99 2.29 4.22 4.36
Average No. Days
Average receivable collection period 41 38 35 29 26
Average payables payment period 972 357 186

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Booking Holdings Inc.’s receivables turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Booking Holdings Inc.’s working capital turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

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. Booking Holdings Inc.’s number of days of receivables outstanding deteriorated from 2017 to 2018 and from 2018 to 2019.
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.

Receivables Turnover

Booking Holdings Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues 15,066  14,527  12,681  10,743  9,224 
Accounts receivable, net of allowance for doubtful accounts 1,680  1,523  1,218  860  645 
Short-term Activity Ratio
Receivables turnover1 8.97 9.54 10.41 12.49 14.30
Benchmarks
Receivables Turnover, Competitors2
McDonald’s Corp. 4.24 4.10 6.44 10.38 12.70
Starbucks Corp. 30.15 35.67 25.72 27.73 26.65
Receivables Turnover, Sector
Travel & Leisure 10.66 10.58 11.76 15.26 16.85
Receivables Turnover, Industry
Consumer Services 22.05 23.85 26.85 28.23 29.42

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net of allowance for doubtful accounts
= 15,066 ÷ 1,680 = 8.97

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. Booking Holdings Inc.’s receivables turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Payables Turnover

Booking Holdings Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cost of revenues —  —  251  428  632 
Accounts payable 1,239  1,134  668  419  323 
Short-term Activity Ratio
Payables turnover1 0.00 0.00 0.38 1.02 1.96
Benchmarks
Payables Turnover, Competitors2
McDonald’s Corp. 7.85 6.84 11.26 16.80 15.98
Starbucks Corp. 7.17 8.63 11.55 11.65 11.38
Payables Turnover, Sector
Travel & Leisure 4.77 5.24 8.29 11.35 11.90
Payables Turnover, Industry
Consumer Services 7.06 7.42 7.67 8.28 8.30

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= 0 ÷ 1,239 = 0.00

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.

Working Capital Turnover

Booking Holdings Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 9,833  8,407  9,035  5,402  3,553 
Less: Current liabilities 5,366  3,555  3,498  2,859  1,439 
Working capital 4,467  4,852  5,537  2,543  2,114 
 
Revenues 15,066  14,527  12,681  10,743  9,224 
Short-term Activity Ratio
Working capital turnover1 3.37 2.99 2.29 4.22 4.36
Benchmarks
Working Capital Turnover, Competitors2
McDonald’s Corp. 9.27 5.22 11.08 2.46
Starbucks Corp. 3.63 21.07 99.79 27.41
Working Capital Turnover, Sector
Travel & Leisure 13.11 3.87 5.29 11.45 4.72
Working Capital Turnover, Industry
Consumer Services 240.93 53.63

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Working capital turnover = Revenues ÷ Working capital
= 15,066 ÷ 4,467 = 3.37

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. Booking Holdings Inc.’s working capital turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Average Receivable Collection Period

Booking Holdings Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Receivables turnover 8.97 9.54 10.41 12.49 14.30
Short-term Activity Ratio (no. days)
Average receivable collection period1 41 38 35 29 26
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
McDonald’s Corp. 86 89 57 35 29
Starbucks Corp. 12 10 14 13 14
Average Receivable Collection Period, Sector
Travel & Leisure 34 35 31 24 22
Average Receivable Collection Period, Industry
Consumer Services 17 15 14 13 12

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.97 = 41

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. Booking Holdings Inc.’s number of days of receivables outstanding deteriorated from 2017 to 2018 and from 2018 to 2019.

Average Payables Payment Period

Booking Holdings Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Payables turnover 0.00 0.00 0.38 1.02 1.96
Short-term Activity Ratio (no. days)
Average payables payment period1 972 357 186
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
McDonald’s Corp. 46 53 32 22 23
Starbucks Corp. 51 42 32 31 32
Average Payables Payment Period, Sector
Travel & Leisure 77 70 44 32 31
Average Payables Payment Period, Industry
Consumer Services 52 49 48 44 44

Based on: 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 0.00 =

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.