Paramount Global (Paramount Global) Days Payable : 18.21 (As of Dec. 2023)

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What is Paramount Global Days Payable?

Paramount Global's average Accounts Payable for the three months ended in Dec. 2023 was $1,027 Mil. Paramount Global's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,145 Mil. Hence, Paramount Global's Days Payable for the three months ended in Dec. 2023 was 18.21.

The historical rank and industry rank for Paramount Global's Days Payable or its related term are showing as below:

PARA' s Days Payable Range Over the Past 10 Years
Min: 4.47 Med: 13.17 Max: 20.4
Current: 19.24

During the past 13 years, Paramount Global's highest Days Payable was 20.40. The lowest was 4.47. And the median was 13.17.

PARA's Days Payable is ranked worse than
88.34% of 926 companies
in the Media - Diversified industry
Industry Median: 82.14 vs PARA: 19.24

Paramount Global's Days Payable declined from Dec. 2022 (19.52) to Dec. 2023 (18.21). It may suggest that Paramount Global accelerated paying its suppliers.

Paramount Global Days Payable Historical Data

The historical data trend for Paramount Global's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paramount Global Days Payable Chart

Paramount Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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12.38

14.64

14.10

20.26

20.40

Paramount Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															19.52	18.13	18.83	21.08	18.21

Competitive Comparison of Paramount Global's Days Payable

For the Entertainment subindustry, Paramount Global's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paramount Global's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Paramount Global's Days Payable distribution charts can be found below:

* The bar in red indicates where Paramount Global's Days Payable falls into.

Paramount Global Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Paramount Global's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1403	+	1100)	/	2 )	/	22388	*	365
=	1251.5					/	22388	*	365
=	20.40

Paramount Global's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (953	+	1100)	/	2 )	/	5145	*	365 / 4
=	1026.5					/	5145	*	365 / 4
=	18.21

Paramount Global Days Payable Related Terms

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Paramount Global (Paramount Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Paramount Global (NAS:PARA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PARAP.PFD:USA PARAA:USA PARA:Peru PARA:Mexico 0HQM:UK 0VVB:Germany 0VV:Germany 0VVB:Germany 0VV:Germany 0VVB:Germany C1BS34:Brazil PARA:Austria

Address

1515 Broadway, New York, NY, USA, 10036

Website

https://www.paramount.com

Paramount Global is the rebranded recombination of CBS and Viacom that has created a media conglomerate with global scale. CBS contributed Showtime in addition to its television assets--the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and WarnerMedia. Viacom brought several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series. Paramount operates a number of streaming services, most notably Paramount+ and Pluto TV.

Executives

Dawn Ostroff	director	3100 OCEAN PARK BOULEVARD, SANTA MONICA CA 91405
Sumner M. Redstone National Amusements Part B General Trust	director, 10 percent owner	846 UNIVERSITY AVENUE, NORWORD MA 02062
National Amusements Inc /md/	director, 10 percent owner	846 UNIVERSITY AVENUE, NORWOOD MA 02062
Naveen K. Chopra	officer: EVP, Chief Financial Officer	C/O 2160 GOLD STREET, SAN JOSE CA 95002
Linda M Griego	director	SOUTHWEST WATER CO, 624 SO. GRAND, STE 2900, LOS ANGELES CA 90017
Phillips Jr Charles E	director	113 WEST 88TH STREET, NEW YORK NY 10024
Shari Redstone	director, officer: Vice Chair	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Frederick Terrell	director	17 STATE STREET, NEW YORK NY 10004
Nicole Seligman	director	C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Christina Spade	officer: EVP, Chief Financial Officer	11 PENN PLAZA, NEW YORK NY 10001
Barbara M Byrne	director	C/O CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Christa A Dalimonte	officer: EVP, General Counsel & Secy	C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Ronald L Nelson	director
Judith Mchale	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Robert M Bakish	director, officer: President and CEO	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803