Etsy, Inc.’s objective focuses on keeping commerce human. This is achieved through creating an effective community of passionate and creative sellers and buyers around the world on a common market-place. Etsy, Inc. provides a conducive environment for extensive environment and professional assistance to users. According to the company’s CEO, Josh Silverman, Etsy Inc. focuses on executing a dynamic marketing strategy where sellers and buyers are empowered to grow their businesses by embracing technology (2). The continued growth of consolidated GMS by $3.1 billion is an equivalent of 132.3% year-over-year and Etsy marketplace GMS $2.9 billion adding to 144.1% year-over-year. This shows a profound progressive trend which is vital to the company’s ability to attract more buyers and sellers. Thus, further expanding the marketplace dynamics.
Stakeholders constitute of an integral entity of the company. Stakeholders enable the day-to-day operations to be sustained as per the objectives. A focus on the active seller as a major stakeholder is emphasized on in this paper. An active seller entails a “a seller who has incurred at least one charge from us in the last 12 months” (12). Active seller is a fundamental stakeholder as (s)he helps keep the continuity of the company’s revenue flowing. The active seller ascertains the sustainability of the company’s products quality and customer satisfaction.
The press release provides for the Condensed Consolidated Balance Sheets (in thousands; unaudited).
The income statement is provided in the Condensed Consolidated Statements of Operations (in thousands, except share and per share amounts; unaudited).
The section provides for the revenues, profits, expenses, income from operations, other income and expenses, and net income – all of which are key components of income statements.
Etsy, Inc., press release provides the financial analysis in dollars. This is fundamental to analyze the overall operations, income, and cash flows for the company effective. The dollar offers international standards of financial analysis.
The total current assets belonging to the company constitute of $1,893,619 and total assets of $2,497,411. The figures are provided in the balance sheet that shows the company’s total resources.
The capacity for the customers to buy on credit from the company is not provided.
The company has an accrued non-cash interest expense, as well as, interest and other non-operating expense accumulating to $271 and $706 respectively. This information is covered in the Condensed Consolidated Statements of Cash Flows.
Etsy, Inc. (2021). First Quarter 2021 Results. Retrieved from https://s22.q4cdn.com/941741262/files/doc_financials/2021/q1/Exhibit-99.1-Q1-2021.pdf