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)
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Receivable Collection Period
Average Payables Payment Period

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

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Turnover Ratios
Receivables turnover	20.55	25.18	25.43	20.25	34.96
Payables turnover	37.18	36.75	35.87	41.09	47.96
Working capital turnover	—	—	—	—	—
Average No. Days
Average receivable collection period	18	14	14	18	10
Average payables payment period	10	10	10	9	8

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

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 deteriorated from 2017 to 2018 and from 2018 to 2019.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Charter Communications Inc.’s payables turnover ratio increased from 2017 to 2018 and from 2018 to 2019.
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, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues	45,764	43,634	41,581	29,003	9,754
Accounts receivable, less allowance for doubtful accounts	2,227	1,733	1,635	1,432	279
Short-term Activity Ratio
Receivables turnover¹	20.55	25.18	25.43	20.25	34.96
Benchmarks
Receivables Turnover, Competitors²
Comcast Corp.	9.65	8.51	9.89	10.11	10.80
Netflix Inc.	44.36	43.55	—	—	—
Walt Disney Co.	4.49	6.37	6.39	6.14	6.54
Receivables Turnover, Sector
Media	8.30	9.47	10.25	9.42	9.45
Receivables Turnover, Industry
Consumer Services	21.80	23.51	25.93	27.17	27.51

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

¹ 2019 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, less allowance for doubtful accounts
= 45,764 ÷ 2,227 = 20.55

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 deteriorated from 2017 to 2018 and from 2018 to 2019.

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

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Operating costs and expenses	29,224	27,860	26,541	18,655	6,426
Accounts payable, trade	786	758	740	454	134
Short-term Activity Ratio
Payables turnover¹	37.18	36.75	35.87	41.09	47.96
Benchmarks
Payables Turnover, Competitors²
Comcast Corp.	3.18	3.50	3.67	3.54	3.63
Netflix Inc.	18.45	17.70	21.30	19.27	18.11
Walt Disney Co.	3.05	5.03	4.67	4.37	5.15
Payables Turnover, Sector
Media	4.53	6.14	6.19	5.44	5.12
Payables Turnover, Industry
Consumer Services	7.09	7.42	7.62	8.25	8.24

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

¹ 2019 Calculation
Payables turnover = Operating costs and expenses ÷ Accounts payable, trade
= 29,224 ÷ 786 = 37.18

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 increased from 2017 to 2018 and from 2018 to 2019.

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

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets	6,471	2,730	2,555	3,300	345
Less: Current liabilities	12,385	12,095	11,090	9,572	1,972
Working capital	(5,914)	(9,365)	(8,535)	(6,272)	(1,627)

Revenues	45,764	43,634	41,581	29,003	9,754
Short-term Activity Ratio
Working capital turnover¹	—	—	—	—	—
Benchmarks
Working Capital Turnover, Competitors²
Comcast Corp.	—	—	—	—	—
Netflix Inc.	—	4.93	5.31	7.79	3.56
Walt Disney Co.	—	—	—	448.65	123.74
Working Capital Turnover, Sector
Media	—	—	—	—	—
Working Capital Turnover, Industry
Consumer Services	—	—	—	103.44	51.34

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

¹ 2019 Calculation
Working capital turnover = Revenues ÷ Working capital
= 45,764 ÷ -5,914 = —

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, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data
Receivables turnover	20.55	25.18	25.43	20.25	34.96
Short-term Activity Ratio (no. days)
Average receivable collection period¹	18	14	14	18	10
Benchmarks (no. days)
Average Receivable Collection Period, Competitors²
Comcast Corp.	38	43	37	36	34
Netflix Inc.	8	8	—	—	—
Walt Disney Co.	81	57	57	59	56
Average Receivable Collection Period, Sector
Media	44	39	36	39	39
Average Receivable Collection Period, Industry
Consumer Services	17	16	14	13	13

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

¹ 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 20.55 = 18

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, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data
Payables turnover	37.18	36.75	35.87	41.09	47.96
Short-term Activity Ratio (no. days)
Average payables payment period¹	10	10	10	9	8
Benchmarks (no. days)
Average Payables Payment Period, Competitors²
Comcast Corp.	115	104	100	103	101
Netflix Inc.	20	21	17	19	20
Walt Disney Co.	120	73	78	83	71
Average Payables Payment Period, Sector
Media	81	59	59	67	71
Average Payables Payment Period, Industry
Consumer Services	51	49	48	44	44

Based on: 10-K (filing date: 2020-01-31), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-16), 10-K (filing date: 2016-02-10).

¹ 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 37.18 = 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. (NASDAQ:CHTR)

Analysis of Short-term (Operating) Activity Ratios

Short-term Activity Ratios (Summary)

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Receivable Collection Period

Average Payables Payment Period