Paramount Global Class B (PARA)

Working capital 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	29,213,000	28,867,000	29,269,000	30,072,000	29,652,000	30,145,000	29,928,000	30,091,000	30,154,000	30,023,000	29,717,000	28,502,000	28,586,000	26,811,000	26,317,000	26,028,000	25,285,000	35,601,000	32,780,000	30,314,000
Total current assets	US$ in thousands	12,542,000	11,925,000	11,679,000	11,932,000	12,703,000	12,711,000	12,459,000	12,657,000	13,734,000	13,524,000	14,182,000	15,354,000	16,676,000	14,798,000	15,254,000	15,487,000	13,779,000	13,157,000	12,439,000	10,406,000
Total current liabilities	US$ in thousands	9,631,000	9,354,000	9,006,000	9,244,000	9,656,000	10,050,000	10,670,000	11,295,000	11,191,000	10,326,000	9,636,000	9,723,000	9,479,000	8,913,000	8,586,000	8,701,000	8,296,000	7,763,000	7,985,000	8,531,000
Working capital turnover		10.04	11.23	10.95	11.19	9.73	11.33	16.73	22.09	11.86	9.39	6.54	5.06	3.97	4.56	3.95	3.84	4.61	6.60	7.36	16.17

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $29,213,000K ÷ ($12,542,000K – $9,631,000K)
= 10.04

The working capital turnover ratio for Paramount Global Class B has been fluctuating over the analyzed period. It declined from 16.17 on March 31, 2020, to 3.84 on March 31, 2021, indicating a significant decrease in the efficiency of converting working capital into revenue. However, there was a slight increase in the ratio to 6.54 on June 30, 2022, and a more substantial improvement to 22.09 on March 31, 2023, suggesting a recovery in working capital management efficiency. Subsequently, the ratio decreased to 10.04 on December 31, 2024, still higher than the lows observed in the prior year. This suggests that while there have been fluctuations, the company has shown some ability to effectively manage its working capital to support revenue generation.