Comcast (WBO:CMCS) Receivables Turnover : 2.32 (As of Dec. 2023)

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What is Comcast Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Comcast's Revenue for the three months ended in Dec. 2023 was €28,659 Mil. Comcast's average Accounts Receivable for the three months ended in Dec. 2023 was €12,347 Mil. Hence, Comcast's Receivables Turnover for the three months ended in Dec. 2023 was 2.32.

Comcast Receivables Turnover Historical Data

The historical data trend for Comcast's Receivables Turnover 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 Receivables Turnover Chart

Comcast Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.84

8.69

10.27

10.15

9.05

Comcast Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.40	2.37	2.40	2.35	2.32

Competitive Comparison of Comcast's Receivables Turnover

For the Telecom Services subindustry, Comcast's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comcast's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Comcast's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Comcast's Receivables Turnover falls into.

Comcast Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Comcast's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	111481.524	/ (	(11961.424	+	12666.521)	/	2 )
=	111481.524	/	12313.9725
=	9.05

Comcast's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	28659.001	/ (	(12027.332	+	12666.521)	/	2 )
=	28659.001	/	12346.9265
=	2.32

Comcast (WBO:CMCS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Comcast Receivables Turnover Related Terms

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Comcast (WBO:CMCS) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Comcast Corp (WBO:CMCS) » Definitions » Receivables Turnover

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CCZ:USA CMCSA:USA CMCS A:Mexico 1CMCSA:Italy CTP2d:UK 0QYF:UK CTP2:Germany CMCSA:Chile CMCS34:Brazil

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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