Comcast Corp (CMCSA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.34 | 1.16 | 1.86 | 1.81 | 1.83 | |
| Number of days of payables | days | 271.60 | 313.63 | 196.62 | 201.33 | 199.41 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.34
= 271.60
The number of days of payables for Comcast Corp has shown some fluctuations over the past five years. As of December 31, 2020, the company had an average payment period of 199.41 days, which increased slightly to 201.33 days by December 31, 2021. However, the trend reversed in the following years with a decrease to 196.62 days by December 31, 2022.
The payables period significantly spiked to 313.63 days by December 31, 2023, indicating a substantial extension in the time it takes for the company to settle its accounts payable. This sudden increase may warrant further investigation into the company's payment practices and supplier relationships.
By December 31, 2024, the number of days of payables had decreased to 271.60 days, showing some improvement from the prior year but still significantly higher than the levels seen in earlier years. Overall, the fluctuation in the number of days of payables suggests potential changes in Comcast Corp's working capital management and supplier payment strategies over the past five years.
Peer comparison
Dec 31, 2024