Paramount Global Class B (PARA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 28,069,000 | 27,744,000 | 24,719,000 | 21,458,000 | 24,153,000 |
| Payables | US$ in thousands | 1,100,000 | 1,403,000 | 800,000 | 571,000 | 632,000 |
| Payables turnover | 25.52 | 19.77 | 30.90 | 37.58 | 38.22 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $28,069,000K ÷ $1,100,000K
= 25.52
The payables turnover ratio for Paramount Global has been consistently reported as 0.00 for the years 2019 to 2023. This suggests that the company is not effectively managing its accounts payable during these years. A payables turnover ratio of 0.00 indicates that the company is not using its accounts payable efficiently to finance its operations or that there may be significant issues with how the company manages its payables. Further analysis of the company's payables management practices and financial position is warranted to understand the reasons behind this consistently low ratio and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023