Comcast Corp (CMCSA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 122,728,000 | 122,067,000 | 120,112,000 | 120,937,000 | 121,572,000 | 120,872,000 | 120,606,000 | 120,109,000 | 121,428,000 | 121,211,000 | 121,660,000 | 120,190,000 | 116,385,000 | 113,757,000 | 108,991,000 | 104,160,000 | 103,564,000 | 104,254,000 | 105,549,000 | 108,692,000 |
| Receivables | US$ in thousands | 13,661,000 | 14,036,000 | 13,167,000 | 13,144,000 | 13,813,000 | 12,835,000 | 12,980,000 | 12,287,000 | 12,672,000 | 11,918,000 | 11,956,000 | 12,300,000 | 12,008,000 | 11,974,000 | 11,110,000 | 10,986,000 | 11,466,000 | 10,310,000 | 10,227,000 | 10,800,000 |
| Receivables turnover | 8.98 | 8.70 | 9.12 | 9.20 | 8.80 | 9.42 | 9.29 | 9.78 | 9.58 | 10.17 | 10.18 | 9.77 | 9.69 | 9.50 | 9.81 | 9.48 | 9.03 | 10.11 | 10.32 | 10.06 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $122,728,000K ÷ $13,661,000K
= 8.98
The receivables turnover ratio for Comcast Corp has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio, which measures how efficiently a company collects cash from its credit sales, started at 10.06 in March 2020 and generally remained relatively stable around the 9 to 10 range in the following quarters.
There was a slight decrease in the ratio to 9.03 by December 2020, possibly indicating a longer collection period for receivables during that period. However, the ratio improved in the subsequent quarters, reaching a peak of 10.32 in June 2020. This suggests that Comcast was able to collect its accounts receivable more efficiently during that period.
The ratio experienced some fluctuations in the following quarters, ranging between 9.03 and 10.18. The ratio showed a downward trend towards the end of the period, with a decrease to 8.70 by September 30, 2024. This decline may raise concerns about the company's ability to collect cash from its credit sales effectively.
Overall, Comcast Corp's receivables turnover ratio has shown some variability over the years, indicating fluctuations in the efficiency of the company's accounts receivable management. Further analysis and comparison with industry benchmarks may provide a more comprehensive understanding of the company's performance in this aspect.
Peer comparison
Dec 31, 2024