Trip.com Group (Trip.com Group) Days Payable

: 613.69 (As of Sep. 2023)

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Trip.com Group's average Accounts Payable for the three months ended in Sep. 2023 was $2,273 Mil. Trip.com Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $338 Mil. Hence, Trip.com Group's Days Payable for the three months ended in Sep. 2023 was 613.69.

The historical rank and industry rank for Trip.com Group's Days Payable or its related term are showing as below:

TCOM' s Days Payable Range Over the Past 10 Years
Min: 345.14 Med: 544.25 Max: 722.96
Current: 614.6

During the past 13 years, Trip.com Group's highest Days Payable was 722.96. The lowest was 345.14. And the median was 544.25.

TCOM's Days Payable is ranked better than
93.48% of 752 companies
in the Travel & Leisure industry
Industry Median: 60.83 vs TCOM: 614.60

Trip.com Group's Days Payable increased from Sep. 2022 (519.10) to Sep. 2023 (613.69). It may suggest that Trip.com Group delayed paying its suppliers.

Trip.com Group Days Payable Historical Data

The historical data trend for Trip.com Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trip.com Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

599.81

722.96

413.10

572.50

544.08

Trip.com Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																567.28	523.09	601.49	613.69	777.20

Competitive Comparison

For the Travel Services subindustry, Trip.com Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Trip.com Group Days Payable Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Trip.com Group's Days Payable falls into.

Trip.com Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Trip.com Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (945.002	+	1085.675)	/	2 )	/	647.332	*	365
=	1015.3385					/	647.332	*	365
=	572.50

Trip.com Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2056.721	+	2490.168)	/	2 )	/	338.042	*	365 / 4
=	2273.4445					/	338.042	*	365 / 4
=	613.69

Trip.com Group Days Payable Related Terms

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Trip.com Group (Trip.com Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trip.com Group Ltd (NAS:TCOM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRPCF:USA 09961:Hong Kong 0I50:UK CLVB:Germany CLVB:Germany CLV:Germany CLV:Germany CRIP34:Brazil

Address

968 Jin Zhong Road, Shanghai, CHN, 200335

Website

https://www.ctrip.com

Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.