The Coca-Cola Company (KO)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Q4 2023 was 110.17 days, indicating that, on average, the company takes approximately 110.17 days to pay off its trade payables. This represents a slight increase compared to the Q4 2022 figure of 107.61 days. The increase in the number of days of payables may suggest that Coca-Cola Co is taking longer to settle its outstanding invoices with suppliers, which could have implications for cash flow management and vendor relationships. However, the lack of data for other quarters in 2023 limits a comprehensive trend analysis.
Peer comparison
Dec 31, 2023
See also:
The Coca-Cola Company Average Payables Payment Period (Quarterly Data)