Coca-Cola Consolidated Inc. (COKE)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 29.08 | 29.89 | 30.33 | 32.48 | 28.98 | 28.95 | 30.49 | 30.98 | 32.34 | 29.68 | 29.23 | 27.37 | 30.63 | 24.97 | 25.29 | 28.54 | 25.44 | 23.79 | 24.31 | 25.99 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 29.08 | 29.89 | 30.33 | 32.48 | 28.98 | 28.95 | 30.49 | 30.98 | 32.34 | 29.68 | 29.23 | 27.37 | 30.63 | 24.97 | 25.29 | 28.54 | 25.44 | 23.79 | 24.31 | 25.99 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 29.08 + — – —
= 29.08
Coca-Cola Consolidated Inc.'s cash conversion cycle has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
The trend of the cash conversion cycle for Coca-Cola Consolidated Inc. demonstrates some variability, with periods of decrease and increase. Initially, the cycle was around 25-26 days in early 2020, showing efficiency in managing its cash conversion process. However, by March 31, 2021, the cycle increased to 28.54 days, indicating a longer period to convert investments into cash.
Thereafter, the cycle fluctuated, reaching a peak of 32.48 days on March 31, 2024, suggesting a prolonged time to convert investments into cash during that quarter. However, by December 31, 2024, the cycle reduced to 29.08 days, indicating a slight improvement in the efficiency of cash conversion compared to the previous quarter.
Overall, the analysis of Coca-Cola Consolidated Inc.'s cash conversion cycle reveals some variability in efficiency over time, with efforts needed to manage the cycle effectively to ensure optimal cash flow management and operational performance.
Peer comparison
Dec 31, 2024