Coca-Cola Consolidated Inc. (COKE)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | 10.84 | 11.18 | 10.20 | — | — | 10.77 | — | — | — | 10.98 | 10.10 | 9.66 | 9.50 | 9.93 | 9.58 | 9.07 | 9.86 | |
| DSO | days | — | — | — | 33.67 | 32.63 | 35.80 | — | — | 33.88 | — | — | — | 33.23 | 36.14 | 37.80 | 38.40 | 36.75 | 38.11 | 40.22 | 37.01 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Coca-Cola Consolidated Inc's days of sales outstanding (DSO) over the past eight quarters, we observe fluctuations in the measure. The DSO for Q4 2023 stood at 36.17 days, indicating the number of days it takes for the company to collect its accounts receivable from customers. Comparing this with the previous quarter, Q3 2023, which had a slightly lower DSO of 35.89 days, we notice a marginal increase.
Looking further back, Q2 2023 saw a DSO of 39.20 days, the highest in recent quarters, suggesting a longer collection period. However, this was followed by a slight improvement in Q1 2023, with a DSO of 36.58 days.
In comparison to the same quarter of the previous year, Q4 2022 showed a similar DSO of 35.69 days, with Q3 2022 and Q2 2022 reflecting higher DSO figures of 39.85 days and 39.31 days, respectively. Q1 2022 had a lower DSO of 35.28 days.
Overall, the trend in DSO for Coca-Cola Consolidated Inc indicates some variability in the time it takes to collect receivables from customers. It would be essential for the company to closely monitor and manage its accounts receivable turnover to ensure efficient cash flow management and timely collections, while also considering industry benchmarks for comparison and evaluation.
Peer comparison
Dec 31, 2023