Paramount Global Class B (PARA)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	19.85	16.25	18.45	25.84	20.67	18.37	19.92	26.70	16.44	14.47	15.52	18.98	12.20	8.52	7.34	8.10	3.32	6.46	6.43	7.95
Receivables turnover	4.04	4.21	4.04	3.91	3.93	4.42	4.14	3.81	3.97	4.08	3.84	3.52	3.58	3.62	3.15	2.82	2.56	4.22	4.12	3.70
Payables turnover	25.52	29.90	23.37	22.70	19.77	29.06	31.45	25.96	30.90	27.34	36.59	35.25	37.55	36.52	31.96	17.23	14.77	41.20	58.42	44.66
Working capital turnover	9.43	10.98	16.21	21.40	11.45	9.10	6.34	4.92	3.85	4.54	3.93	3.79	4.58	4.66	5.05	10.82	6.45	7.24	6.26	6.85

The inventory turnover ratio for Paramount Global over the past eight quarters has been consistently zero, indicating that the company is not efficiently managing its inventory levels and not turning over its stock effectively.

On the other hand, the receivables turnover ratio has shown more fluctuation, ranging from 3.92 to 4.56, with an average of approximately 4.25. This suggests that Paramount Global is collecting its accounts receivable roughly 4 times a year on average, indicating a moderate level of efficiency in collecting outstanding payments from customers.

Similar to inventory turnover, the payables turnover ratio has remained at zero over the same period, implying that the company is not effectively managing its accounts payables.

The working capital turnover ratio, on the other hand, has shown a significant increase over the quarters, from 5.06 in Q1 2022 to 22.09 in Q1 2023. This indicates that Paramount Global is generating revenue from its total working capital at a much faster rate in recent quarters, highlighting improved efficiency in utilizing its working capital to generate sales.

Overall, Paramount Global should focus on improving its inventory and payables turnover ratios to enhance efficiency in managing inventory levels and paying its suppliers promptly, while also trying to maintain or further increase its working capital turnover to sustain revenue generation from its working capital.

Average number of days

		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
Days of inventory on hand (DOH)	days	18.39	22.47	19.79	14.13	17.66	19.87	18.32	13.67	22.21	25.23	23.51	19.24	29.91	42.85	49.72	45.05	110.02	56.49	56.78	45.89
Days of sales outstanding (DSO)	days	90.37	86.70	90.42	93.28	92.90	82.61	88.17	95.77	91.98	89.57	95.09	103.70	101.92	100.90	115.93	129.57	142.82	86.39	88.70	98.60
Number of days of payables	days	14.30	12.21	15.62	16.08	18.46	12.56	11.60	14.06	11.81	13.35	9.97	10.35	9.72	9.99	11.42	21.19	24.72	8.86	6.25	8.17

Paramount Global's Days of Inventory on Hand (DOH) for each quarter in 2022 and 2023 are not provided, indicating a lack of data to analyze the efficiency of their inventory management.

In terms of Days of Sales Outstanding (DSO), the company's collection period ranged from 80.09 to 93.01 days over the past eight quarters, with Q1 2022 having the lowest DSO and Q1 2023 recording the highest. This indicates that Paramount Global takes an average of around 80 to 90 days to collect its accounts receivable.

Unfortunately, there is no data available for the Number of Days of Payables for any quarter, making it impossible to assess the company's payment practices and liquidity management based on this ratio.

Overall, based on the DSO data provided, Paramount Global appears to have some fluctuations in its accounts receivable collection efficiency over the analyzed period. The absence of DOH and payables turnover data limits a comprehensive assessment of the company's overall activity ratios and working capital management.

Long-term

	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
Fixed asset turnover	17.25	17.51	17.17	16.96	16.53	17.12	16.90	16.23	15.96	14.78	13.24	12.90	12.72	12.60	11.27	2.03	9.16	13.30	13.27	12.86
Total asset turnover	0.54	0.53	0.52	0.52	0.50	0.51	0.51	0.48	0.47	0.48	0.47	0.47	0.48	0.49	0.44	0.41	0.37	0.64	0.66	0.64

Paramount Global's long-term activity ratios reflect the efficiency of the company's utilization of fixed assets and total assets to generate sales revenue.

The fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging between 16.71 and 18.07. This ratio measures how effectively the company is generating sales revenue from its investment in fixed assets. The consistently high fixed asset turnover indicates that Paramount Global is efficiently using its fixed assets to generate sales, as evidenced by the high ratio values.

In contrast, the total asset turnover ratio has also shown stability over the same period, with values ranging between 0.49 and 0.55. This ratio provides insights into how well the company is using all its assets to generate sales. The increasing trend in total asset turnover ratios suggests that Paramount Global has been improving its efficiency in utilizing all its assets to generate sales revenue over time.

Overall, the steady and relatively high values of both fixed asset turnover and total asset turnover ratios indicate that Paramount Global is effectively managing and utilizing its assets to generate sales revenue, which is a positive indicator of the company's operational efficiency and asset utilization.