Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Paramount Global, short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Paramount Global receivables turnover ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Paramount Global payables turnover ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Paramount Global working capital turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| 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. | |
| 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. | Paramount Global number of days of payables outstanding increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023. |
Receivables Turnover
Paramount Global, receivables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenues | 7,265) | 8,131) | 6,916) | 7,779) | 7,328) | 8,000) | 6,610) | 6,564) | 7,412) | 6,874) | 5,837) | 6,075) | 6,499) | 6,871) | 6,698) | 7,143) | 7,100) | 4,024) | 3,263) | 3,466) | 3,761) | |||||||
| Receivables, net | 7,448) | 7,412) | 6,588) | 6,959) | 7,263) | 6,984) | 6,560) | 6,824) | 7,310) | 7,017) | 6,946) | 7,139) | 7,199) | 7,206) | 3,685) | 3,795) | 4,147) | 4,041) | 3,697) | 3,597) | 3,820) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Receivables turnover1 | 4.04 | 4.07 | 4.56 | 4.27 | 3.92 | 4.09 | 4.19 | 3.91 | 3.58 | 3.60 | 3.64 | 3.66 | 3.78 | 3.86 | 6.77 | 5.67 | 4.31 | 3.59 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 7.90 | 7.03 | 8.13 | 7.79 | 7.79 | 6.55 | 7.03 | 6.89 | 7.02 | 5.90 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 9.78 | 9.58 | 10.17 | 10.18 | 9.77 | 9.69 | 9.50 | 9.81 | 9.48 | 9.03 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 10.63 | 8.66 | 10.52 | 10.36 | 10.51 | 8.40 | 9.29 | 8.96 | 9.19 | 7.58 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 6.03 | 6.54 | 5.93 | 5.57 | 4.90 | 5.04 | 4.76 | 4.66 | 4.32 | 5.15 | 5.53 | 5.38 | 4.39 | 4.49 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Receivables turnover
= (RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022
+ RevenuesQ2 2022)
÷ Receivables, net
= (7,265 + 8,131 + 6,916 + 7,779)
÷ 7,448 = 4.04
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. | Paramount Global receivables turnover ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Payables Turnover
Paramount Global, payables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating costs and expenses | 4,964) | 5,483) | 4,460) | 5,106) | 4,796) | 5,452) | 4,064) | 3,865) | 4,363) | 4,213) | 3,462) | 3,361) | 3,956) | 4,806) | 3,959) | 4,210) | 4,248) | 2,605) | 1,922) | 2,184) | 2,400) | |||||||
| Accounts payable | 1,235) | 1,403) | 943) | 853) | 977) | 800) | 827) | 602) | 612) | 571) | 436) | 422) | 673) | 667) | 308) | 214) | 273) | 201) | 229) | 138) | 230) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Payables turnover1 | 16.20 | 14.14 | 21.01 | 22.76 | 18.60 | 22.18 | 19.96 | 26.42 | 25.16 | 26.26 | 35.75 | 38.11 | 25.16 | 25.82 | 48.77 | 60.68 | 40.14 | 45.33 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 30.41 | 24.61 | 19.65 | 27.29 | 33.89 | 18.38 | 22.54 | 20.72 | 18.72 | 15.16 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 3.01 | 3.05 | 3.13 | 3.23 | 3.16 | 3.09 | 3.16 | 3.10 | 3.03 | 2.91 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 6.90 | 5.06 | 6.01 | 5.82 | 7.25 | 5.55 | 9.80 | 20.49 | 20.92 | 12.54 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 33.26 | 28.54 | 33.93 | 36.53 | 28.76 | 20.70 | 25.28 | 25.56 | 29.17 | 23.28 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Payables turnover
= (Operating costs and expensesQ1 2023
+ Operating costs and expensesQ4 2022
+ Operating costs and expensesQ3 2022
+ Operating costs and expensesQ2 2022)
÷ Accounts payable
= (4,964 + 5,483 + 4,460 + 5,106)
÷ 1,235 = 16.20
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. | Paramount Global payables turnover ratio decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023. |
Working Capital Turnover
Paramount Global, working capital turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 12,657) | 13,734) | 13,524) | 14,182) | 15,354) | 16,676) | 14,798) | 15,254) | 15,487) | 13,779) | 13,157) | 12,439) | 10,406) | 11,902) | 6,273) | 6,336) | 6,732) | 6,752) | 6,040) | 6,048) | 6,191) | |||||||
| Less: Current liabilities | 11,295) | 11,191) | 10,326) | 9,636) | 9,723) | 9,479) | 8,913) | 8,586) | 8,701) | 8,296) | 7,763) | 7,985) | 8,531) | 9,048) | 4,122) | 3,843) | 4,492) | 4,573) | 3,993) | 3,784) | 4,069) | |||||||
| Working capital | 1,362) | 2,543) | 3,198) | 4,546) | 5,631) | 7,197) | 5,885) | 6,668) | 6,786) | 5,483) | 5,394) | 4,454) | 1,875) | 2,854) | 2,151) | 2,493) | 2,240) | 2,179) | 2,047) | 2,264) | 2,122) | |||||||
| Revenues | 7,265) | 8,131) | 6,916) | 7,779) | 7,328) | 8,000) | 6,610) | 6,564) | 7,412) | 6,874) | 5,837) | 6,075) | 6,499) | 6,871) | 6,698) | 7,143) | 7,100) | 4,024) | 3,263) | 3,466) | 3,761) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Working capital turnover1 | 22.09 | 11.86 | 9.39 | 6.54 | 5.06 | 3.97 | 4.67 | 4.00 | 3.86 | 4.61 | 4.69 | 5.87 | 14.51 | 9.74 | 11.61 | 8.64 | 7.97 | 6.66 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 3.06 | 2.96 | 2.82 | 2.51 | 2.33 | 2.08 | 1.96 | 1.84 | 1.69 | 1.55 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | — | — | — | — | — | — | 165.10 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 4.33 | 3.59 | 3.32 | 3.54 | 3.13 | 2.59 | 1.95 | 1.59 | 1.46 | 1.42 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 14.73 | 23.67 | 29.95 | 91.06 | 84.84 | — | 20.95 | 15.57 | 12.30 | 12.78 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | — | 3,308.88 | 112.96 | 41.96 | 25.38 | 26.13 | 9.70 | 9.36 | 7.30 | 7.58 | 6.70 | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Working capital turnover
= (RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022
+ RevenuesQ2 2022)
÷ Working capital
= (7,265 + 8,131 + 6,916 + 7,779)
÷ 1,362 = 22.09
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. | Paramount Global working capital turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Average Receivable Collection Period
Paramount Global, average receivable collection period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Receivables turnover | 4.04 | 4.07 | 4.56 | 4.27 | 3.92 | 4.09 | 4.19 | 3.91 | 3.58 | 3.60 | 3.64 | 3.66 | 3.78 | 3.86 | 6.77 | 5.67 | 4.31 | 3.59 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average receivable collection period1 | 90 | 90 | 80 | 85 | 93 | 89 | 87 | 93 | 102 | 101 | 100 | 100 | 97 | 95 | 54 | 64 | 85 | 102 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 46 | 52 | 45 | 47 | 47 | 56 | 52 | 53 | 52 | 62 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 37 | 38 | 36 | 36 | 37 | 38 | 38 | 37 | 38 | 40 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 34 | 42 | 35 | 35 | 35 | 43 | 39 | 41 | 40 | 48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Walt Disney Co. | 61 | 56 | 62 | 65 | 74 | 72 | 77 | 78 | 84 | 71 | 66 | 68 | 83 | 81 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.04 = 90
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. |
Average Payables Payment Period
Paramount Global, average payables payment period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Payables turnover | 16.20 | 14.14 | 21.01 | 22.76 | 18.60 | 22.18 | 19.96 | 26.42 | 25.16 | 26.26 | 35.75 | 38.11 | 25.16 | 25.82 | 48.77 | 60.68 | 40.14 | 45.33 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average payables payment period1 | 23 | 26 | 17 | 16 | 20 | 16 | 18 | 14 | 15 | 14 | 10 | 10 | 15 | 14 | 7 | 6 | 9 | 8 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||
| Alphabet Inc. | 12 | 15 | 19 | 13 | 11 | 20 | 16 | 18 | 20 | 24 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Comcast Corp. | 121 | 120 | 117 | 113 | 116 | 118 | 115 | 118 | 121 | 125 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Meta Platforms Inc. | 53 | 72 | 61 | 63 | 50 | 66 | 37 | 18 | 17 | 29 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Netflix Inc. | 11 | 13 | 11 | 10 | 13 | 18 | 14 | 14 | 13 | 16 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 16.20 = 23
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. | Paramount Global number of days of payables outstanding increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023. |