Stock Analysis on Net

Warner Bros. Discovery Inc. (NASDAQ:WBD)

This company has been moved to the archive! The financial data has not been updated since November 4, 2022.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Warner Bros. Discovery Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Turnover Ratios
Receivables turnover 4.98 4.21 4.23 4.03 3.74
Payables turnover 11.21 9.72 8.25 12.11 9.59
Working capital turnover 3.20 3.50 5.63 45.10 0.85
Average No. Days
Average receivable collection period 73 87 86 91 98
Average payables payment period 33 38 44 30 38

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Warner Bros. Discovery Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Warner Bros. Discovery Inc. payables turnover ratio increased from 2019 to 2020 and from 2020 to 2021.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Warner Bros. Discovery Inc. working capital turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

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. Warner Bros. Discovery Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
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. Warner Bros. Discovery Inc. number of days of payables outstanding decreased from 2019 to 2020 and from 2020 to 2021.

Receivables Turnover

Warner Bros. Discovery Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Revenues 12,191 10,671 11,144 10,553 6,873
Receivables, net 2,446 2,537 2,633 2,620 1,838
Short-term Activity Ratio
Receivables turnover1 4.98 4.21 4.23 4.03 3.74
Benchmarks
Receivables Turnover, Competitors2
Alphabet Inc. 6.55 5.90 6.39
Comcast Corp. 9.69 9.03 9.65
Meta Platforms Inc. 8.40 7.58 7.43
Netflix Inc. 36.92 40.92 44.36
Walt Disney Co. 5.04 5.15 4.49
Receivables Turnover, Sector
Media & Entertainment 7.41 6.90 6.95
Receivables Turnover, Industry
Communication Services 7.77 7.20 7.04

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Receivables turnover = Revenues ÷ Receivables, net
= 12,191 ÷ 2,446 = 4.98

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. Warner Bros. Discovery Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Payables Turnover

Warner Bros. Discovery Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Costs of revenues, excluding depreciation and amortization 4,620 3,860 3,819 3,935 2,656
Accounts payable 412 397 463 325 277
Short-term Activity Ratio
Payables turnover1 11.21 9.72 8.25 12.11 9.59
Benchmarks
Payables Turnover, Competitors2
Alphabet Inc. 18.38 15.16 12.93
Comcast Corp. 3.09 2.91 3.18
Meta Platforms Inc. 5.55 12.54 9.37
Netflix Inc. 20.70 23.28 18.45
Walt Disney Co. 2.76 3.33 3.05
Payables Turnover, Sector
Media & Entertainment 5.90 6.03 5.39
Payables Turnover, Industry
Communication Services 4.79 4.63 4.48

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Payables turnover = Costs of revenues, excluding depreciation and amortization ÷ Accounts payable
= 4,620 ÷ 412 = 11.21

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. Warner Bros. Discovery Inc. payables turnover ratio increased from 2019 to 2020 and from 2020 to 2021.

Working Capital Turnover

Warner Bros. Discovery Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Current assets 7,264 6,130 5,217 4,231 9,991
Less: Current liabilities 3,459 3,082 3,239 3,997 1,871
Working capital 3,805 3,048 1,978 234 8,120
 
Revenues 12,191 10,671 11,144 10,553 6,873
Short-term Activity Ratio
Working capital turnover1 3.20 3.50 5.63 45.10 0.85
Benchmarks
Working Capital Turnover, Competitors2
Alphabet Inc. 2.08 1.55 1.51
Comcast Corp.
Meta Platforms Inc. 2.59 1.42 1.38
Netflix Inc. 12.78
Walt Disney Co. 26.13 7.58
Working Capital Turnover, Sector
Media & Entertainment 3.53 2.48 2.88
Working Capital Turnover, Industry
Communication Services 7.57 4.32 6.31

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Working capital turnover = Revenues ÷ Working capital
= 12,191 ÷ 3,805 = 3.20

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. Warner Bros. Discovery Inc. working capital turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Average Receivable Collection Period

Warner Bros. Discovery Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data
Receivables turnover 4.98 4.21 4.23 4.03 3.74
Short-term Activity Ratio (no. days)
Average receivable collection period1 73 87 86 91 98
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Alphabet Inc. 56 62 57
Comcast Corp. 38 40 38
Meta Platforms Inc. 43 48 49
Netflix Inc. 10 9 8
Walt Disney Co. 72 71 81
Average Receivable Collection Period, Sector
Media & Entertainment 49 53 53
Average Receivable Collection Period, Industry
Communication Services 47 51 52

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.98 = 73

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. Warner Bros. Discovery Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Average Payables Payment Period

Warner Bros. Discovery Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data
Payables turnover 11.21 9.72 8.25 12.11 9.59
Short-term Activity Ratio (no. days)
Average payables payment period1 33 38 44 30 38
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Alphabet Inc. 20 24 28
Comcast Corp. 118 125 115
Meta Platforms Inc. 66 29 39
Netflix Inc. 18 16 20
Walt Disney Co. 132 110 120
Average Payables Payment Period, Sector
Media & Entertainment 62 61 68
Average Payables Payment Period, Industry
Communication Services 76 79 81

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 11.21 = 33

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. Warner Bros. Discovery Inc. number of days of payables outstanding decreased from 2019 to 2020 and from 2020 to 2021.