Coca-Cola Consolidated Inc. (COKE)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,651,060 | 6,579,910 | 6,488,480 | 6,339,070 | 6,170,570 | 5,996,950 | 5,823,780 | 5,660,430 | 5,522,980 | 5,411,440 | 5,281,550 | 5,074,860 | 4,975,920 | 4,876,230 | 4,816,840 | 4,860,470 | 4,788,840 | 4,746,460 | 4,685,230 | 4,643,570 |
| Receivables | US$ in thousands | -16,060 | -18,134 | -17,624 | 584,672 | 551,714 | 588,154 | — | — | 512,671 | — | — | — | 453,028 | 482,868 | 498,810 | 511,366 | 482,181 | 495,642 | 516,311 | 470,806 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,651,060K ÷ $-16,060K
= —
The receivables turnover for Coca-Cola Consolidated Inc has exhibited some fluctuations over the past eight quarters. The company's receivables turnover ratio ranged from a low of 9.16 in Q3 2022 to a high of 10.35 in Q1 2022. Overall, the average receivables turnover for the period was around 9.99.
The receivables turnover ratio indicates how efficiently the company is collecting its outstanding receivables from customers during a specific period. A higher turnover ratio is generally preferable as it suggests that the company is collecting its receivables more quickly.
In the case of Coca-Cola Consolidated Inc, the fluctuations in the receivables turnover ratio could be attributed to various factors such as seasonal variations in sales, changes in credit policies, or shifts in customer payment behaviors. It is essential for the company to monitor this ratio closely to ensure the efficient management of its accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023