Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

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Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

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Short-term Activity Ratios (Summary)

Meta Platforms Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Turnover Ratios
Receivables turnover
Payables turnover
Working capital turnover
Average No. Days
Average receivable collection period
Average payables payment period

Based on: 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), 10-K (reporting date: 2019-12-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Meta Platforms Inc. receivables turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Meta Platforms Inc. payables turnover ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Meta Platforms Inc. working capital turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 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. Meta Platforms Inc. number of days of receivables outstanding improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
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. Meta Platforms Inc. number of days of payables outstanding increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Receivables Turnover

Meta Platforms Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Accounts receivable, net
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables Turnover, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Netflix Inc.
Walt Disney Co.
Receivables Turnover, Sector
Media & Entertainment
Receivables Turnover, Industry
Communication Services

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Receivables turnover = Revenue ÷ Accounts receivable, net
= ÷ =

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. Meta Platforms Inc. receivables turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Payables Turnover

Meta Platforms Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cost of revenue
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Netflix Inc.
Walt Disney Co.
Payables Turnover, Sector
Media & Entertainment
Payables Turnover, Industry
Communication Services

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= ÷ =

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. Meta Platforms Inc. payables turnover ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Working Capital Turnover

Meta Platforms Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets
Less: Current liabilities
Working capital
 
Revenue
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Netflix Inc.
Walt Disney Co.
Working Capital Turnover, Sector
Media & Entertainment
Working Capital Turnover, Industry
Communication Services

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Working capital turnover = Revenue ÷ Working capital
= ÷ =

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. Meta Platforms Inc. working capital turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Average Receivable Collection Period

Meta Platforms Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Netflix Inc.
Walt Disney Co.
Average Receivable Collection Period, Sector
Media & Entertainment
Average Receivable Collection Period, Industry
Communication Services

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =

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. Meta Platforms Inc. number of days of receivables outstanding improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Average Payables Payment Period

Meta Platforms Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Netflix Inc.
Walt Disney Co.
Average Payables Payment Period, Sector
Media & Entertainment
Average Payables Payment Period, Industry
Communication Services

Based on: 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), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

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. Meta Platforms Inc. number of days of payables outstanding increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.