Comcast Corp (CMCSA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,214,000 | 14,474,000 | 23,286,000 | 22,580,000 | 20,801,000 |
| Payables | US$ in thousands | 11,321,000 | 12,437,000 | 12,544,000 | 12,455,000 | 11,364,000 |
| Payables turnover | 1.34 | 1.16 | 1.86 | 1.81 | 1.83 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $15,214,000K ÷ $11,321,000K
= 1.34
The payables turnover ratio measures how efficiently a company manages its accounts payable by evaluating the number of times the company pays off its suppliers within a certain period. In the case of Comcast Corp, the payables turnover ratio has fluctuated over the past five years as follows:
- December 31, 2020: 1.83
- December 31, 2021: 1.81
- December 31, 2022: 1.86
- December 31, 2023: 1.16
- December 31, 2024: 1.34
The decreasing trend observed in 2023 followed by a slight increase in 2024 indicates a potential delay in payments to suppliers which could be a cause for concern. However, it's essential to consider industry norms and compare this ratio with competitors to gain a better perspective on Comcast Corp's payables management efficiency. It would also be advisable for stakeholders to closely monitor this ratio in the coming years to ensure timely payments to suppliers and maintain good relationships within the supply chain.
Peer comparison
Dec 31, 2024