Comcast Corp (CMCSA)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 15,215,000 | 14,775,000 | 14,274,000 | 14,399,000 | 14,473,000 | 14,613,000 | 23,307,000 | 23,360,000 | 23,286,000 | 25,592,000 | 19,222,000 | 20,990,000 | 22,578,000 | 21,941,000 | 21,300,000 | 20,660,000 | 20,801,000 | 21,047,000 | 21,259,000 | 21,789,000 |
| Payables | US$ in thousands | 11,321,000 | 11,779,000 | 11,736,000 | 11,792,000 | 12,437,000 | 12,214,000 | 12,213,000 | 12,159,000 | 12,544,000 | 12,241,000 | 12,304,000 | 12,707,000 | 12,455,000 | 12,020,000 | 11,672,000 | 11,148,000 | 11,364,000 | 10,979,000 | 10,426,000 | 9,963,000 |
| Payables turnover | 1.34 | 1.25 | 1.22 | 1.22 | 1.16 | 1.20 | 1.91 | 1.92 | 1.86 | 2.09 | 1.56 | 1.65 | 1.81 | 1.83 | 1.82 | 1.85 | 1.83 | 1.92 | 2.04 | 2.19 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $15,215,000K ÷ $11,321,000K
= 1.34
The payables turnover ratio for Comcast Corp has shown some fluctuation over the past few years. The ratio measures how efficiently the company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance.
From the data provided, we can see that the payables turnover ratio decreased from 2.19 on March 31, 2020, to 1.16 on December 31, 2023, indicating a decline in the efficiency of paying off accounts payable during this period. This significant drop may suggest that the company was taking longer to pay off its suppliers or was holding more inventory.
However, there was a slight improvement in the payables turnover ratio from 1.16 on December 31, 2023, to 1.34 on December 31, 2024. This increase indicates that Comcast Corp became more efficient in managing its accounts payable towards the end of 2024.
Overall, Comcast Corp should focus on maintaining a consistent and healthy payables turnover ratio to ensure effective management of its working capital and relationships with suppliers.
Peer comparison
Dec 31, 2024