Warner Bros Discovery Inc (WBD)

Payables 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
Cost of revenue (ttm)	US$ in thousands	42,954,000	61,305,000	57,019,000	52,333,000	42,265,000	13,684,000	9,586,000	4,016,000	3,749,000	8,854,000	8,328,000	8,083,000	8,032,000	7,929,000	7,840,000	7,968,000	7,980,000	3,728,000	3,748,000	3,805,000
Payables	US$ in thousands	1,260,000	1,329,000	1,689,000	1,123,000	1,454,000	1,534,000	1,397,000	521,000	412,000	—	—	—	397,000	403,000	367,000	421,000	463,000	380,000	325,000	314,000
Payables turnover		34.09	46.13	33.76	46.60	29.07	8.92	6.86	7.71	9.10	—	—	—	20.23	19.67	21.36	18.93	17.24	9.81	11.53	12.12

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $42,954,000K ÷ $1,260,000K
= 34.09

Warner Bros. Discovery Inc's payables turnover ratio has been fluctuating over the last eight quarters. The company's payables turnover ratio indicates how efficiently it is managing its accounts payable by paying off its suppliers.

In Q4 2023, the payables turnover ratio was 19.47, which implies that the company paid off its accounts payable almost 19.47 times during the quarter. This is a positive sign as it shows that the company is effectively managing its suppliers and paying them in a timely manner.

Looking at the trend over the past quarters, we observe that the payables turnover ratio has generally been increasing since Q2 2022, indicating an improvement in the company's ability to pay off its suppliers efficiently.

The highest payables turnover ratio was recorded in Q1 2023 at 23.06, indicating that Warner Bros. Discovery Inc was able to pay off its accounts payable more frequently during that period.

Overall, the increasing trend in the payables turnover ratio suggests that Warner Bros. Discovery Inc is efficiently managing its working capital and has a good relationship with its suppliers. This is a positive signal for investors and stakeholders as it indicates the company's financial health and operational efficiency in managing its payables.