Comcast Corp (CMCSA)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 5.61 |
| Receivables turnover | 8.80 | 9.58 | 9.69 | 9.03 | 9.65 |
| Payables turnover | 1.16 | 1.86 | 1.81 | 1.83 | 2.01 |
| Working capital turnover | — | — | — | — | — |
Based on the provided data, Comcast Corp's activity ratios can be analyzed as follows:
1. Receivables Turnover:
- The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables during a period. Comcast's receivables turnover has shown a decreasing trend over the past five years, from 9.65 in 2019 to 8.80 in 2023.
- A decreasing receivables turnover may indicate that the company is taking longer to collect on its credit sales, possibly signaling a decline in its collection efficiency.
2. Inventory Turnover:
- The inventory turnover ratio measures the efficiency with which a company manages its inventory. Unfortunately, the provided data does not include the inventory turnover ratio for Comcast Corp, making it difficult to assess the company's performance in this area.
3. Payables Turnover:
- The payables turnover ratio measures how efficiently a company pays its suppliers. However, the data table does not include the payables turnover ratio for Comcast Corp, preventing a thorough analysis in this aspect.
4. Working Capital Turnover:
- The working capital turnover ratio reflects the efficiency of a company in using its working capital to generate sales. Unfortunately, the provided data does not include the working capital turnover ratio for Comcast Corp, limiting the analysis in this area.
In summary, the analysis of Comcast Corp's activity ratios is somewhat limited due to the absence of certain key ratios. The decreasing trend in receivables turnover warrants further investigation into the company's credit and collection policies to understand the factors contributing to the decline in efficiency. Additionally, the absence of inventory turnover and payables turnover ratios makes it challenging to provide a comprehensive assessment of the company's activity efficiency.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 65.05 |
| Days of sales outstanding (DSO) | days | 41.47 | 38.09 | 37.66 | 40.41 | 37.83 |
| Number of days of payables | days | 313.63 | 196.62 | 201.33 | 199.41 | 181.64 |
Unfortunately, without specific data on the days of inventory on hand and the number of days of payables, a comprehensive analysis of Comcast Corp's activity ratios cannot be provided. However, based on the available information, it can be observed that the days of sales outstanding (DSO) have been fluctuating over the past five years. In 2023, the DSO increased to 41.47 days from 38.09 days in 2022. This indicates that the company took longer to collect its receivables in 2023 compared to 2022. It would be beneficial to have additional data to calculate and analyze the complete set of activity ratios for a more thorough understanding of Comcast Corp's efficiency in managing its working capital.
See also:
Comcast Corp Short-term (Operating) Activity Ratios
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 2.04 | 2.19 | 2.16 | 1.99 | 2.25 |
| Total asset turnover | 0.46 | 0.47 | 0.42 | 0.38 | 0.41 |
The long-term activity ratios for Comcast Corp, as indicated by the fixed asset turnover and total asset turnover, reflect the company's efficiency in utilizing its long-term assets to generate revenue.
The fixed asset turnover has exhibited a slight decline from 2.25 in 2019 to 2.04 in 2023. However, it remained relatively stable within the range of 1.99 to 2.19 during this period. This indicates that Comcast's ability to generate sales from its fixed assets has been moderately consistent, albeit experiencing a modest decrease in recent years.
Similarly, the total asset turnover ratio has shown fluctuations but has generally increased from 0.41 in 2019 to 0.46 in 2023. The improvement in this ratio suggests that Comcast has been more effective in generating sales relative to its total assets, signifying a positive trend in asset utilization.
Overall, Comcast's long-term activity ratios imply that the company has managed to maintain reasonable efficiency in generating revenue from its long-term assets, with a potential improvement in utilizing its total assets to drive sales in the recent period.