Stock Analysis on Net

Time Warner Inc. (NYSE:TWX)

This company has been moved to the archive! The financial data has not been updated since April 26, 2018.

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Time Warner Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Turnover Ratios
Inventory turnover 8.71 7.35 7.79 8.36 8.42 7.94 8.39 9.42 10.20 9.22 8.22 9.98 10.52 9.34 9.14 9.69 8.69 8.00
Receivables turnover 3.07 3.33 3.40 3.48 3.48 3.37 3.55 3.57 3.62 3.79 3.90 3.53 3.62 3.54 4.05 4.14 4.02 3.79
Working capital turnover 14.38 27.38 6.42 6.60 6.27 7.75 4.98 4.66 6.15 6.23 7.65 6.12 7.68 6.88 6.81 4.16 5.19 6.68
Average No. Days
Average inventory processing period 42 50 47 44 43 46 43 39 36 40 44 37 35 39 40 38 42 46
Add: Average receivable collection period 119 110 107 105 105 108 103 102 101 96 94 103 101 103 90 88 91 96
Operating cycle 161 160 154 149 148 154 146 141 137 136 138 140 136 142 130 126 133 142

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Time Warner Inc. inventory turnover ratio deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Time Warner Inc. receivables turnover ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Time Warner Inc. working capital turnover ratio improved from Q3 2017 to Q4 2017 but then slightly deteriorated from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Time Warner Inc. number of days of inventory outstanding deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Time Warner Inc. number of days of receivables outstanding deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Time Warner Inc. operating cycle deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

Inventory Turnover

Time Warner Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (US$ in millions)
Costs of revenues 4,717 5,181 3,928 4,205 4,333 4,658 3,873 3,840 4,005 4,352 3,526 4,188 4,088 4,418 3,681 3,925 3,851 4,776 3,483 4,221 3,750
Inventories 2,071 2,401 2,198 2,042 1,983 2,062 1,915 1,669 1,576 1,753 1,973 1,640 1,532 1,700 1,776 1,654 1,879 2,028 2,056 2,014 1,987
Short-term Activity Ratio
Inventory turnover1 8.71 7.35 7.79 8.36 8.42 7.94 8.39 9.42 10.20 9.22 8.22 9.98 10.52 9.34 9.14 9.69 8.69 8.00
Benchmarks
Inventory Turnover, Competitors2
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Inventory turnover = (Costs of revenuesQ1 2018 + Costs of revenuesQ4 2017 + Costs of revenuesQ3 2017 + Costs of revenuesQ2 2017) ÷ Inventories
= (4,717 + 5,181 + 3,928 + 4,205) ÷ 2,071 = 8.71

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Time Warner Inc. inventory turnover ratio deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

Receivables Turnover

Time Warner Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (US$ in millions)
Revenues 7,996 8,611 7,595 7,330 7,735 7,891 7,167 6,952 7,308 7,079 6,564 7,348 7,127 7,525 6,243 6,788 6,803 8,565 6,856 7,435 6,939
Receivables, less allowances 10,279 9,401 8,997 8,655 8,540 8,699 8,031 7,813 7,810 7,411 7,322 8,004 7,645 7,720 7,005 7,014 7,371 7,868 6,763 7,033 7,095
Short-term Activity Ratio
Receivables turnover1 3.07 3.33 3.40 3.48 3.48 3.37 3.55 3.57 3.62 3.79 3.90 3.53 3.62 3.54 4.05 4.14 4.02 3.79
Benchmarks
Receivables Turnover, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Meta Platforms Inc.
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Receivables turnover = (RevenuesQ1 2018 + RevenuesQ4 2017 + RevenuesQ3 2017 + RevenuesQ2 2017) ÷ Receivables, less allowances
= (7,996 + 8,611 + 7,595 + 7,330) ÷ 10,279 = 3.07

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. Time Warner Inc. receivables turnover ratio deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

Working Capital Turnover

Time Warner Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data (US$ in millions)
Current assets 15,138 15,219 14,608 13,404 12,908 13,485 13,264 12,962 11,792 12,513 12,139 13,810 12,495 13,180 12,893 14,183 13,994 12,844 11,581 12,229 12,624
Less: Current liabilities 12,945 14,077 9,851 8,839 8,162 9,703 7,539 6,972 7,194 8,002 8,403 9,195 8,891 9,204 8,724 7,207 8,278 8,383 7,668 7,854 8,170
Working capital 2,193 1,142 4,757 4,565 4,746 3,782 5,725 5,990 4,598 4,511 3,736 4,615 3,604 3,976 4,169 6,976 5,716 4,461 3,913 4,375 4,454
 
Revenues 7,996 8,611 7,595 7,330 7,735 7,891 7,167 6,952 7,308 7,079 6,564 7,348 7,127 7,525 6,243 6,788 6,803 8,565 6,856 7,435 6,939
Short-term Activity Ratio
Working capital turnover1 14.38 27.38 6.42 6.60 6.27 7.75 4.98 4.66 6.15 6.23 7.65 6.12 7.68 6.88 6.81 4.16 5.19 6.68
Benchmarks
Working Capital Turnover, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Meta Platforms Inc.
Netflix Inc.
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Working capital turnover = (RevenuesQ1 2018 + RevenuesQ4 2017 + RevenuesQ3 2017 + RevenuesQ2 2017) ÷ Working capital
= (7,996 + 8,611 + 7,595 + 7,330) ÷ 2,193 = 14.38

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. Time Warner Inc. working capital turnover ratio improved from Q3 2017 to Q4 2017 but then slightly deteriorated from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

Average Inventory Processing Period

Time Warner Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data
Inventory turnover 8.71 7.35 7.79 8.36 8.42 7.94 8.39 9.42 10.20 9.22 8.22 9.98 10.52 9.34 9.14 9.69 8.69 8.00
Short-term Activity Ratio (no. days)
Average inventory processing period1 42 50 47 44 43 46 43 39 36 40 44 37 35 39 40 38 42 46
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 8.71 = 42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Time Warner Inc. number of days of inventory outstanding deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

Average Receivable Collection Period

Time Warner Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data
Receivables turnover 3.07 3.33 3.40 3.48 3.48 3.37 3.55 3.57 3.62 3.79 3.90 3.53 3.62 3.54 4.05 4.14 4.02 3.79
Short-term Activity Ratio (no. days)
Average receivable collection period1 119 110 107 105 105 108 103 102 101 96 94 103 101 103 90 88 91 96
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Alphabet Inc.
Charter Communications Inc.
Comcast Corp.
Meta Platforms Inc.
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.07 = 119

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. Time Warner Inc. number of days of receivables outstanding deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

Operating Cycle

Time Warner Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Selected Financial Data
Average inventory processing period 42 50 47 44 43 46 43 39 36 40 44 37 35 39 40 38 42 46
Average receivable collection period 119 110 107 105 105 108 103 102 101 96 94 103 101 103 90 88 91 96
Short-term Activity Ratio
Operating cycle1 161 160 154 149 148 154 146 141 137 136 138 140 136 142 130 126 133 142
Benchmarks
Operating Cycle, Competitors2
Walt Disney Co.

Based on: 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31).

1 Q1 2018 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 42 + 119 = 161

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Time Warner Inc. operating cycle deteriorated from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.