Coca-Cola Consolidated Inc. (COKE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,644,960 | 6,166,200 | 5,518,710 | 4,951,170 | 4,774,060 |
| Receivables | US$ in thousands | -16,060 | 551,714 | 512,671 | 453,028 | 482,181 |
| Receivables turnover | — | 11.18 | 10.76 | 10.93 | 9.90 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $6,644,960K ÷ $-16,060K
= —
Based on the data provided, Coca-Cola Consolidated Inc's receivables turnover ratio has been relatively stable over the past five years. The company's receivables turnover ratio ranged from 9.19 to 10.23 during this period, indicating that, on average, the company collects its accounts receivables approximately 10 times a year.
A consistently high receivables turnover ratio suggests that Coca-Cola Consolidated Inc efficiently collects payments from its customers, which is a positive indicator of liquidity and effective credit management. This may indicate effective credit policies, strong customer relationships, or prompt collections processes in place.
Overall, the stability and relatively high values of the receivables turnover ratio for Coca-Cola Consolidated Inc over the period demonstrate the company's ability to efficiently manage its accounts receivables and convert them into cash.
Peer comparison
Dec 31, 2023