Charter Communications Inc (CHTR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 54,607,000 | 54,022,000 | 51,682,000 | 48,097,000 | 45,764,000 |
| Receivables | US$ in thousands | 2,965,000 | 2,921,000 | 2,579,000 | 2,201,000 | 2,227,000 |
| Receivables turnover | 18.42 | 18.49 | 20.04 | 21.85 | 20.55 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $54,607,000K ÷ $2,965,000K
= 18.42
The receivables turnover ratio for Charter Communications Inc. has shown a decreasing trend over the past five years. The ratio decreased from 20.55 in 2019 to 18.42 in 2023. This indicates that the company took longer to collect its accounts receivable in 2023 compared to previous years.
A lower receivables turnover ratio could suggest a potential issue with the company's credit policy or collection efforts. It may also indicate that Charter Communications Inc. is extending longer credit terms to its customers, potentially impacting its cash flow and liquidity.
Further analysis of the company's receivables management practices, credit policies, and collection strategies is recommended to improve efficiency in collecting outstanding receivables and enhancing the company's overall financial performance.
Peer comparison
Dec 31, 2023