Molson Coors Brewing Co Class B (TAP)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 13.44 | 14.07 | 11.89 | 11.98 | 14.30 | |
| DOH | days | 27.15 | 25.94 | 30.71 | 30.48 | 25.52 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.44
= 27.15
The Days of Inventory on Hand (DOH) ratio for Molson Coors Beverage Company has displayed some fluctuations over the past five years. As of December 31, 2023, the company held inventory for approximately 39.93 days, showing a slight decrease from the previous year's 41.08 days. This suggests an improvement in the company's inventory management efficiency, as it indicates that Molson Coors is able to turn over its inventory more quickly.
Comparing the most recent DOH figure to historical data, it is also lower than the ratios reported in 2021 and 2020, reflecting a positive trend in managing inventory levels. However, in 2022, the DOH ratio was slightly lower compared to 2023. This may suggest that the company is maintaining optimal inventory levels more effectively recently.
Looking at a longer-term trend, the DOH ratio has generally been in the range of the mid to high 30s and low 40s over the past five years. This indicates that Molson Coors has been able to efficiently manage its inventory levels relative to its sales volume.
Overall, the decreasing trend in the Days of Inventory on Hand ratio for Molson Coors Beverage Company signals an improvement in inventory management efficiency, which is a positive indicator for the company's operational performance and financial health.
Peer comparison
Dec 31, 2023