Coca-Cola Consolidated Inc. (COKE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 16.31 | 16.64 | 22.50 | 25.74 | |
| Number of days of payables | days | — | 22.38 | 21.94 | 16.22 | 14.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Coca-Cola Consolidated Inc has shown a relatively stable trend over the past five years, with a slight decrease from 47.87 days in 2022 to 47.08 days in 2023. This implies that the company takes approximately 47 days on average to pay its suppliers and vendors.
The consistency in the number of days of payables suggests that Coca-Cola Consolidated Inc has been effectively managing its payables obligations over the years. However, the increase in days from 36.60 in 2020 to 47.03 in 2021 and then the subsequent increase in 2022 may indicate a shift in the company's payment practices or vendor relationships.
It is important to monitor the number of days of payables closely as it can impact the company's cash flow and relationships with its suppliers. Overall, a stable number of days of payables indicates a balanced approach to managing working capital and supplier relationships by Coca-Cola Consolidated Inc.
Peer comparison
Dec 31, 2023