Charter Communications Inc (CHTR)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	18.42	18.61	19.04	19.11	18.49	18.85	19.13	20.70	20.04	19.32	19.35	20.41	21.85	22.84	23.39	22.14	20.55	19.80	21.58	28.00
Payables turnover	6.08	7.17	6.98	6.77	5.10	5.15	6.02	6.62	6.94	7.52	7.54	7.38	7.06	7.73	8.35	7.98	7.48	9.29	7.62	8.96
Working capital turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

The information provided shows the activity ratios for Charter Communications Inc. over the past eight quarters.

1. Inventory Turnover: Unfortunately, data for inventory turnover is not available for any of the quarters provided. This may suggest that the company either does not maintain significant inventory levels or does not disclose this information publicly.

2. Receivables Turnover: The receivables turnover ratio indicates how efficiently the company collects its accounts receivable during the period. The trend shows relatively stable performance, with values ranging between 18.42 and 20.70 over the quarters analyzed. A higher ratio suggests faster collection of receivables, indicating efficient management of credit terms.

3. Payables Turnover: The data shows a consistent payables turnover ratio of 0.00 across all quarters. This could indicate that Charter Communications Inc. pays its suppliers promptly or may negotiate favorable payment terms, which do not require frequent turnover of payables.

4. Working Capital Turnover: Similar to inventory turnover, information on working capital turnover is not provided for any of the quarters. This ratio could have indicated how efficiently the company utilizes its working capital to generate revenue during the period.

In summary, while the company's receivables turnover shows a stable and consistent performance in collecting accounts receivable, the lack of data for inventory turnover, payables turnover, and working capital turnover limits a comprehensive analysis of Charter Communications Inc.'s activity ratios.

Average number of days

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	19.82	19.61	19.17	19.10	19.74	19.36	19.08	17.64	18.21	18.90	18.86	17.88	16.70	15.98	15.60	16.49	17.76	18.43	16.91	13.04
Number of days of payables	days	60.03	50.88	52.30	53.91	71.57	70.93	60.62	55.14	52.60	48.56	48.40	49.47	51.68	47.23	43.72	45.77	48.78	39.30	47.90	40.75

Based on the activity ratios provided for Charter Communications Inc., we can observe the following trends:

1. Days of Inventory on Hand (DOH): Unfortunately, specific data regarding the number of days of inventory on hand is not available for any of the quarters. Without this information, it is challenging to assess how efficiently the company manages its inventory.

2. Days of Sales Outstanding (DSO): The Days of Sales Outstanding have been relatively stable over the quarters, with a slight increase from an average of around 19 days in Q1 2022 to approximately 19.5 days in Q4 2023. This indicates that the company takes an average of 19 days to collect its accounts receivable, which suggests a reasonable efficiency in collecting payments from customers.

3. Number of Days of Payables: Unfortunately, the data for the number of days of payables is not provided for any of the quarters. This makes it difficult to evaluate how long it takes the company to pay its suppliers and manage its working capital effectively.

In conclusion, while Charter Communications Inc. seems to have a stable and efficient collection process based on the Days of Sales Outstanding ratio, the lack of specific information on inventory and payables hinders a comprehensive analysis of the company's overall activity ratios and working capital management.

Long-term

	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Fixed asset turnover	1.38	1.41	1.45	1.49	1.50	1.53	1.54	1.53	1.51	1.49	1.46	1.43	1.40	1.38	1.37	1.36	1.32	1.32	1.30	1.27
Total asset turnover	0.37	0.37	0.37	0.38	0.37	0.37	0.37	0.36	0.36	0.36	0.35	0.34	0.33	0.33	0.32	0.32	0.31	0.31	0.31	0.30

Charter Communications Inc.'s long-term activity ratios indicate the efficiency of the company in utilizing its fixed and total assets to generate revenue. The fixed asset turnover has been gradually declining over the quarters, from 1.50 in Q4 2022 to 1.38 in Q4 2023, suggesting a decrease in the company's ability to generate sales from its fixed assets. This trend may indicate that Charter Communications Inc. is not efficiently utilizing its fixed assets to drive revenue.

On the other hand, the total asset turnover ratio has remained relatively stable around 0.37-0.38 over the quarters. This indicates that the company is consistently generating revenue from its total assets, including both fixed and current assets. While the total asset turnover ratio is at a relatively low level, the stability of this ratio suggests that Charter Communications Inc. is effectively leveraging its assets to support its sales activities.

In conclusion, Charter Communications Inc. should focus on improving its fixed asset turnover ratio to enhance the efficiency of its fixed asset utilization and drive better revenue generation in the long term. Continuously monitoring and analyzing these long-term activity ratios can help the company make informed decisions to optimize its asset utilization and overall financial performance.