Comcast Corp (CMCSA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 121,572,000 | 121,427,000 | 116,385,000 | 103,564,000 | 108,942,000 |
| Receivables | US$ in thousands | 13,813,000 | 12,672,000 | 12,008,000 | 11,466,000 | 11,292,000 |
| Receivables turnover | 8.80 | 9.58 | 9.69 | 9.03 | 9.65 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $121,572,000K ÷ $13,813,000K
= 8.80
The receivables turnover for Comcast Corp has experienced fluctuations over the past five years. In 2023, the receivables turnover decreased to 8.80, down from 9.58 in 2022. This may indicate a longer period for the company to collect its accounts receivable, potentially signaling inefficiencies in managing receivables or changes in customer payment patterns. The 2023 ratio is also lower than the 5-year average of 9.55, indicating a potential decline in the efficiency of receivables turnover compared to the previous years. Further investigation into the company's collection processes and credit policies may be warranted to understand the underlying reasons for this trend.
Peer comparison
Dec 31, 2023