Charter Communications Inc (CHTR)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,661,000 | 4,855,000 | 4,997,000 | 5,358,000 | 5,803,000 |
| Payables | US$ in thousands | 931,000 | 952,000 | 724,000 | 763,000 | 786,000 |
| Payables turnover | 6.08 | 5.10 | 6.90 | 7.02 | 7.38 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,661,000K ÷ $931,000K
= 6.08
The payables turnover ratio for Charter Communications Inc. has been consistently reported as 0.00 for the years 2020, 2021, 2022, and 2023. This indicates that the company is not effectively managing its accounts payable in relation to its purchases during these years. The sudden decrease from 37.18 in 2019 to 0.00 in subsequent years raises concerns about the company's ability to pay its suppliers or could reflect significant changes in the company's payment terms or procurement processes. Further investigation into the reasons behind this trend is recommended to assess the company's liquidity and supplier relationships.
Peer comparison
Dec 31, 2023