Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Paramount Global, long-term (investment) activity ratios
Based on: 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), 10-K (reporting date: 2018-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Paramount Global net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Paramount Global net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Paramount Global total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Paramount Global equity turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Net Fixed Asset Turnover
Paramount Global, net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 30,154) | 28,586) | 25,285) | 27,812) | 14,514) | |
| Property and equipment, net | 1,762) | 1,736) | 1,994) | 2,085) | 1,209) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 17.11 | 16.47 | 12.68 | 13.34 | 12.00 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Alphabet Inc. | 2.51 | 2.64 | 2.15 | 2.20 | — | |
| Comcast Corp. | 2.19 | 2.15 | 1.99 | 2.25 | — | |
| Meta Platforms Inc. | 1.47 | 2.04 | 1.88 | 2.00 | — | |
| Netflix Inc. | 22.61 | 22.44 | 26.03 | 35.66 | — | |
| Walt Disney Co. | 2.44 | 2.05 | 2.02 | 2.19 | 2.00 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Media & Entertainment | 2.24 | 2.42 | 2.14 | 2.27 | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Communication Services | 1.73 | 1.90 | 1.72 | 1.81 | — | |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 30,154 ÷ 1,762 = 17.11
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Paramount Global net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Paramount Global, net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 30,154) | 28,586) | 25,285) | 27,812) | 14,514) | |
| Property and equipment, net | 1,762) | 1,736) | 1,994) | 2,085) | 1,209) | |
| Operating lease assets | 1,391) | 1,630) | 1,602) | 1,939) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 3,153) | 3,366) | 3,596) | 4,024) | 1,209) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 9.56 | 8.49 | 7.03 | 6.91 | 12.00 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Alphabet Inc. | 2.23 | 2.33 | 1.88 | 1.91 | — | |
| Comcast Corp. | 1.98 | 1.92 | 1.86 | 2.08 | — | |
| Meta Platforms Inc. | 1.26 | 1.69 | 1.56 | 1.58 | — | |
| Netflix Inc. | 8.72 | 7.88 | 8.34 | 9.61 | — | |
| Walt Disney Co. | 2.18 | 1.83 | 1.81 | 2.19 | 2.00 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Media & Entertainment | 1.97 | 2.09 | 1.87 | 2.00 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Communication Services | 1.43 | 1.54 | 1.41 | 1.52 | — | |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 30,154 ÷ 3,153 = 9.56
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Paramount Global net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
Paramount Global, total asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 30,154) | 28,586) | 25,285) | 27,812) | 14,514) | |
| Total assets | 58,393) | 58,620) | 52,663) | 49,519) | 21,859) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.52 | 0.49 | 0.48 | 0.56 | 0.66 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Alphabet Inc. | 0.77 | 0.72 | 0.57 | 0.59 | — | |
| Comcast Corp. | 0.47 | 0.42 | 0.38 | 0.41 | — | |
| Meta Platforms Inc. | 0.63 | 0.71 | 0.54 | 0.53 | — | |
| Netflix Inc. | 0.65 | 0.67 | 0.64 | 0.59 | — | |
| Walt Disney Co. | 0.41 | 0.33 | 0.32 | 0.36 | 0.60 | |
| Total Asset Turnover, Sector | ||||||
| Media & Entertainment | 0.60 | 0.56 | 0.47 | 0.48 | — | |
| Total Asset Turnover, Industry | ||||||
| Communication Services | 0.47 | 0.45 | 0.41 | 0.43 | — | |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 30,154 ÷ 58,393 = 0.52
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Paramount Global total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
Paramount Global, equity turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 30,154) | 28,586) | 25,285) | 27,812) | 14,514) | |
| Total Paramount stockholders’ equity | 23,036) | 22,402) | 15,371) | 13,207) | 2,804) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.31 | 1.28 | 1.64 | 2.11 | 5.18 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Alphabet Inc. | 1.10 | 1.02 | 0.82 | 0.80 | — | |
| Comcast Corp. | 1.50 | 1.21 | 1.15 | 1.32 | — | |
| Meta Platforms Inc. | 0.93 | 0.94 | 0.67 | 0.70 | — | |
| Netflix Inc. | 1.52 | 1.87 | 2.26 | 2.66 | — | |
| Walt Disney Co. | 0.87 | 0.76 | 0.78 | 0.78 | 1.22 | |
| Equity Turnover, Sector | ||||||
| Media & Entertainment | 1.10 | 1.02 | 0.86 | 0.90 | — | |
| Equity Turnover, Industry | ||||||
| Communication Services | 1.16 | 1.09 | 1.00 | 1.04 | — | |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Equity turnover = Revenues ÷ Total Paramount stockholders’ equity
= 30,154 ÷ 23,036 = 1.31
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Paramount Global equity turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |