Paramount Global Class B (PARA)

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	28,736,000	29,213,000	29,008,000	29,145,000	29,122,000	29,107,000	28,810,000	27,682,000	27,713,000	26,732,000	26,194,000	25,729,000	25,130,000	25,127,000	22,476,000	20,279,000	18,416,000	15,569,000	15,617,000	15,352,000
Receivables	US$ in thousands	7,115,000	6,939,000	7,186,000	7,448,000	7,412,000	6,588,000	6,959,000	7,263,000	6,984,000	6,560,000	6,824,000	7,310,000	7,017,000	6,946,000	7,139,000	7,199,000	7,206,000	3,685,000	3,795,000	4,147,000
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $28,736,000K ÷ $7,115,000K
= 4.04

The receivables turnover ratio measures how efficiently a company collects on its credit sales within a specific period. Paramount Global's receivables turnover has shown some fluctuations over the past eight quarters. The trend indicates that, on average, the company collects its accounts receivable approximately four to four and a half times per year.

In the most recent quarter, Q4 2023, the receivables turnover decreased to 4.17 from 4.34 in the previous quarter, Q3 2023. This decline may suggest a slower collection of accounts receivable compared to the previous quarter. However, the ratio remains relatively stable around the four mark, indicating that Paramount Global has been consistent in managing its accounts receivable turnover.

Comparing Q4 2023 to the same quarter a year ago, Q4 2022, the receivables turnover has slightly decreased from 4.07 to 4.17. This suggests that the company has experienced a slight improvement in collecting its receivables within a year.

Overall, Paramount Global's receivables turnover has been within a narrow range over the past eight quarters, indicating a relatively stable performance in managing its accounts receivable. Further analysis of the company's collection policies and credit management practices can provide deeper insights into the efficiency of its receivables management.