The Coca-Cola Company (KO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.31 | 2.88 | 2.68 | 2.89 | 3.84 | |
| Number of days of payables | days | 110.17 | 126.55 | 135.95 | 126.46 | 94.98 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.31
= 110.17
The number of days of payables for Coca-Cola Co has shown a fluctuating trend over the past five years. On December 31, 2023, the company took approximately 110.17 days to pay off its creditors, which is higher than the previous year's 107.61 days. This indicates that the company's payables turnover has slightly increased, suggesting a longer payment cycle. Comparing to December 31, 2021, when the number of days of payables was 109.38 days, there has been a slight increase in the time taken to settle payables.
In contrast, on December 31, 2020, the number of days of payables was 95.56 days, reflecting a shorter payment cycle compared to the last two years. Similarly, on December 31, 2019, the company's payables were settled in approximately 94.98 days, indicating a stable payment cycle over the preceding years.
Overall, the analysis of Coca-Cola Co's number of days of payables suggests some variation in the company's payment cycle in recent years, with fluctuations observed in the time taken to settle its payables.
Peer comparison
Dec 31, 2023