Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Charter Communications Inc., short-term (operating) activity ratios

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Turnover Ratios
Receivables turnover	25.18	25.43	20.25	34.96	31.96
Payables turnover	36.75	35.87	41.09	47.96	42.66
Working capital turnover	—	—	—	—	—
Average No. Days
Average receivable collection period	14	14	18	10	11
Average payables payment period	10	10	9	8	9

Short-term activity ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Charter Communications Inc.’s receivables turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Charter Communications Inc.’s payables turnover ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.

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.

Charter Communications Inc., receivables turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenues	43,634	41,581	29,003	9,754	9,108
Accounts receivable, less allowance for doubtful accounts	1,733	1,635	1,432	279	285
Short-term Activity Ratio
Receivables turnover¹	25.18	25.43	20.25	34.96	31.96
Benchmarks
Receivables Turnover, Competitors²
Comcast Corp.	8.51	9.89	10.11	10.80	10.88
Walt Disney Co.	6.37	6.39	6.14	6.54	6.24
Receivables Turnover, Sector
Media	8.91	9.63	8.94	9.00	8.78
Receivables Turnover, Industry
Consumer Services	22.75	24.75	25.96	26.45	28.93

¹ 2018 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, less allowance for doubtful accounts
= 43,634 ÷ 1,733 = 25.18

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.	Charter Communications Inc.’s receivables turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.

Charter Communications Inc., payables turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Operating costs and expenses	27,860	26,541	18,655	6,426	5,973
Accounts payable, trade	758	740	454	134	140
Short-term Activity Ratio
Payables turnover¹	36.75	35.87	41.09	47.96	42.66
Benchmarks
Payables Turnover, Competitors²
Comcast Corp.	3.50	3.67	3.54	3.63	3.71
Walt Disney Co.	5.03	4.67	4.37	5.15	4.92
Payables Turnover, Sector
Media	5.73	5.81	5.14	4.84	4.78
Payables Turnover, Industry
Consumer Services	7.46	7.61	8.26	8.24	8.77

¹ 2018 Calculation
Payables turnover = Operating costs and expenses ÷ Accounts payable, trade
= 27,860 ÷ 758 = 36.75

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.	Charter Communications Inc.’s payables turnover ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.

Charter Communications Inc., working capital turnover calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Current assets	2,730	2,555	3,300	345	371
Less: Current liabilities	12,095	11,090	9,572	1,972	1,635
Working capital	(9,365)	(8,535)	(6,272)	(1,627)	(1,264)

Revenues	43,634	41,581	29,003	9,754	9,108
Short-term Activity Ratio
Working capital turnover¹	—	—	—	—	—
Benchmarks
Working Capital Turnover, Competitors²
Comcast Corp.	—	—	—	—	—
Walt Disney Co.	—	—	448.65	123.74	25.91
Working Capital Turnover, Sector
Media	—	—	—	—	—
Working Capital Turnover, Industry
Consumer Services	—	—	179.52	68.53	57.53

¹ 2018 Calculation
Working capital turnover = Revenues ÷ Working capital
= 43,634 ÷ -9,365 = —

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.

Charter Communications Inc., average receivable collection period calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data
Receivables turnover	25.18	25.43	20.25	34.96	31.96
Short-term Activity Ratio (no. days)
Average receivable collection period¹	14	14	18	10	11
Benchmarks (no. days)
Average Receivable Collection Period, Competitors²
Comcast Corp.	43	37	36	34	34
Walt Disney Co.	57	57	59	56	58
Average Receivable Collection Period, Sector
Media	41	38	41	41	42
Average Receivable Collection Period, Industry
Consumer Services	16	15	14	14	13

¹ 2018 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 25.18 = 14

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.

Charter Communications Inc., average payables payment period calculation, comparison to benchmarks

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data
Payables turnover	36.75	35.87	41.09	47.96	42.66
Short-term Activity Ratio (no. days)
Average payables payment period¹	10	10	9	8	9
Benchmarks (no. days)
Average Payables Payment Period, Competitors²
Comcast Corp.	104	100	103	101	98
Walt Disney Co.	73	78	83	71	74
Average Payables Payment Period, Sector
Media	64	63	71	75	76
Average Payables Payment Period, Industry
Consumer Services	49	48	44	44	42

¹ 2018 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 36.75 = 10

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.

Charter Communications Inc. (CHTR)

Analysis of Short-term (Operating) Activity Ratios