Warner Bros Discovery Inc (WBD)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 42,954,000 | 42,265,000 | 10,250,000 | 8,032,000 | 7,980,000 |
| Payables | US$ in thousands | 1,260,000 | 1,454,000 | 412,000 | 397,000 | 463,000 |
| Payables turnover | 34.09 | 29.07 | 24.88 | 20.23 | 17.24 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $42,954,000K ÷ $1,260,000K
= 34.09
Warner Bros. Discovery Inc's payables turnover has been showing a positive trend over the past five years. The company's payables turnover ratio has significantly increased from 8.25 in 2019 to 19.47 in 2023, indicating a more efficient management of its accounts payable. This improvement suggests that Warner Bros. Discovery Inc has been able to pay off its suppliers more frequently within each year, which can lead to better relationships with suppliers and potentially better credit terms in the future. The increasing payables turnover ratio reflects a more efficient utilization of the company's working capital and a potential for better cash flow management. Overall, the upward trajectory of the payables turnover ratio signifies an improvement in Warner Bros. Discovery Inc's operational efficiency in managing its accounts payable.
Peer comparison
Dec 31, 2023