The Coca-Cola Company (KO)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 18,520,000 | 18,399,000 | 18,308,000 | 18,226,000 | 18,000,000 | 17,575,000 | 16,986,000 | 15,943,000 | 15,357,000 | 14,847,000 | 14,341,000 | 13,567,000 | 13,433,000 | 13,421,000 | 13,717,000 | 14,625,000 | 14,619,000 | 14,155,000 | 13,734,000 | 13,356,000 |
| Payables | US$ in thousands | 5,590,000 | — | — | — | 6,241,000 | — | — | — | 5,720,000 | — | — | — | 4,654,000 | — | — | — | 3,804,000 | — | — | — |
| Payables turnover | 3.31 | — | — | — | 2.88 | — | — | — | 2.68 | — | — | — | 2.89 | — | — | — | 3.84 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,520,000K ÷ $5,590,000K
= 3.31
The payables turnover ratio for Coca-Cola Co shows a consistent trend of 3.31 in Q4 2023 and 3.39 in Q4 2022. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher turnover ratio indicates that the company is paying its suppliers more frequently, which may signal strong inventory management and cash flow. However, the lack of data for the other quarters in 2023 limits a more comprehensive analysis of the trend. It is advisable to monitor the payables turnover ratio over time to assess changes in the company's payment practices and working capital management.
Peer comparison
Dec 31, 2023