Comcast Corp (CMCSA)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 108,942,000 | 108,390,000 | 103,698,000 | 98,575,000 |
| Receivables | US$ in thousands | 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 | 11,292,000 | 10,684,000 | 10,835,000 | 10,736,000 |
| Receivables turnover | 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 | 9.65 | 10.15 | 9.57 | 9.18 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $121,572,000K ÷ $13,813,000K
= 8.80
The receivables turnover ratio for Comcast Corp has shown some fluctuations over the past eight quarters. The receivables turnover measures the efficiency of the company in collecting outstanding receivables from its customers. A higher ratio indicates faster collection of receivables.
In the most recent quarter, the receivables turnover ratio was 8.80, which shows a decrease compared to the previous quarter's ratio of 9.42. This suggests that the company took longer to collect its outstanding receivables in the most recent quarter.
Looking back over the past two years, the receivables turnover ratio has fluctuated within a range of 8.80 to 10.18. This indicates some variability in Comcast's efficiency in collecting receivables, with periods of faster and slower collections.
It's important to further analyze the reasons behind these fluctuations to determine whether they are driven by changes in the company's credit policies, customer payment behaviors, or other internal and external factors. Overall, consistent monitoring and management of the receivables turnover ratio will be essential for Comcast to effectively manage its accounts receivable and cash flow.
Peer comparison
Dec 31, 2023