Comcast (FRA:CTP2) Accounts Receivable : €12,092 Mil (As of Mar. 2024)

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What is Comcast Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Comcast's accounts receivables for the quarter that ended in Mar. 2024 was €12,092 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Comcast's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Comcast's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-38.50.

Comcast Accounts Receivable Historical Data

The historical data trend for Comcast's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Comcast Accounts Receivable Chart

Comcast Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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10,162.80

9,425.05

10,627.08

11,961.42

12,666.52

Comcast Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															11,476.06	11,979.62	12,027.33	12,666.52	12,092.48

Comcast Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Comcast Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Comcast's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12092.48	/	27653.36	*	91
=	39.90

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Comcast's accounts receivable are only considered to be worth 75% of book value:

Comcast's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5993.8	+	0.75 * 12092.48	+	0.5 * 0	-	165884.28
-	0	-	683.56)	/	3935.31
=	-38.50

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Comcast Accounts Receivable Related Terms

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Comcast (FRA:CTP2) Business Description

Industry

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Address

One Comcast Center, Philadelphia, PA, USA, 19103-2838

Website

https://www.comcastcorporation.com

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.

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