Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel

Short-term Activity Ratios (Summary)

Alphabet Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Turnover Ratios
Receivables turnover 6.69 6.41 7.03 6.55 5.90
Payables turnover 18.32 17.79 24.61 18.38 15.16
Working capital turnover 4.69 3.43 2.96 2.08 1.55
Average No. Days
Average receivable collection period 55 57 52 56 62
Average payables payment period 20 21 15 20 24

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Alphabet Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Alphabet Inc. payables turnover ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Alphabet Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Alphabet Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Alphabet Inc. number of days of payables outstanding increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Receivables Turnover

Alphabet Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 350,018 307,394 282,836 257,637 182,527
Accounts receivable, net 52,340 47,964 40,258 39,304 30,930
Short-term Activity Ratio
Receivables turnover1 6.69 6.41 7.03 6.55 5.90
Benchmarks
Receivables Turnover, Competitors2
Comcast Corp. 9.06 8.80 9.58 9.69 9.03
Meta Platforms Inc. 9.68 8.34 8.66 8.40 7.58
Netflix Inc. 29.21 26.20 31.97 36.92 40.92
Walt Disney Co. 7.18 7.21 6.54 5.04 5.15
Receivables Turnover, Sector
Media & Entertainment 7.92 7.50 7.94 7.41 6.90
Receivables Turnover, Industry
Communication Services 8.08 7.76 8.07 7.77 7.20

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= 350,018 ÷ 52,340 = 6.69

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Alphabet Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Payables Turnover

Alphabet Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Cost of revenues 146,306 133,332 126,203 110,939 84,732
Accounts payable 7,987 7,493 5,128 6,037 5,589
Short-term Activity Ratio
Payables turnover1 18.32 17.79 24.61 18.38 15.16
Benchmarks
Payables Turnover, Competitors2
Comcast Corp. 3.27 2.96 3.05 3.09 2.91
Meta Platforms Inc. 3.92 5.35 5.06 5.55 12.54
Netflix Inc. 23.38 26.38 28.54 20.70 23.28
Walt Disney Co. 3.97 3.91 3.36 2.76 3.33
Payables Turnover, Sector
Media & Entertainment 6.87 6.76 6.66 5.90 6.03
Payables Turnover, Industry
Communication Services 5.03 4.91 4.73 4.79 4.63

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= 146,306 ÷ 7,987 = 18.32

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Alphabet Inc. payables turnover ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Working Capital Turnover

Alphabet Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 163,711 171,530 164,795 188,143 174,296
Less: Current liabilities 89,122 81,814 69,300 64,254 56,834
Working capital 74,589 89,716 95,495 123,889 117,462
 
Revenues 350,018 307,394 282,836 257,637 182,527
Short-term Activity Ratio
Working capital turnover1 4.69 3.43 2.96 2.08 1.55
Benchmarks
Working Capital Turnover, Competitors2
Comcast Corp.
Meta Platforms Inc. 2.48 2.53 3.59 2.59 1.42
Netflix Inc. 16.63 31.89 23.67 12.78
Walt Disney Co. 54.74 3,308.88 26.13 7.58
Working Capital Turnover, Sector
Media & Entertainment 6.34 5.30 5.15 3.53 2.48
Working Capital Turnover, Industry
Communication Services 13.92 10.57 11.82 7.57 4.32

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Working capital turnover = Revenues ÷ Working capital
= 350,018 ÷ 74,589 = 4.69

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Alphabet Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Average Receivable Collection Period

Alphabet Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Receivables turnover 6.69 6.41 7.03 6.55 5.90
Short-term Activity Ratio (no. days)
Average receivable collection period1 55 57 52 56 62
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Comcast Corp. 40 41 38 38 40
Meta Platforms Inc. 38 44 42 43 48
Netflix Inc. 12 14 11 10 9
Walt Disney Co. 51 51 56 72 71
Average Receivable Collection Period, Sector
Media & Entertainment 46 49 46 49 53
Average Receivable Collection Period, Industry
Communication Services 45 47 45 47 51

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.69 = 55

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Alphabet Inc. number of days of receivables outstanding deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Average Payables Payment Period

Alphabet Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Payables turnover 18.32 17.79 24.61 18.38 15.16
Short-term Activity Ratio (no. days)
Average payables payment period1 20 21 15 20 24
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Comcast Corp. 112 123 120 118 125
Meta Platforms Inc. 93 68 72 66 29
Netflix Inc. 16 14 13 18 16
Walt Disney Co. 92 93 109 132 110
Average Payables Payment Period, Sector
Media & Entertainment 53 54 55 62 61
Average Payables Payment Period, Industry
Communication Services 73 74 77 76 79

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 18.32 = 20

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Alphabet Inc. number of days of payables outstanding increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.