Molson Coors Brewing Co Class B (TAP)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 13.15 | 13.12 | 12.84 | 12.14 | 13.77 | 11.85 | 11.42 | 10.16 | 11.03 | 10.13 | 10.67 | 10.14 | 11.98 | 12.46 | 13.09 | 12.93 | 14.30 | 13.82 | 12.82 | 13.07 | |
| DOH | days | 27.75 | 27.83 | 28.42 | 30.06 | 26.50 | 30.80 | 31.97 | 35.91 | 33.10 | 36.05 | 34.21 | 36.01 | 30.48 | 29.28 | 27.89 | 28.23 | 25.52 | 26.41 | 28.48 | 27.93 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.15
= 27.75
Molson Coors Beverage Company's days of inventory on hand (DOH) has shown a decreasing trend over the past eight quarters. In Q4 2022, the company had a DOH of 53.83 days, which has steadily declined to 39.93 days in Q4 2023. This suggests that the company has been managing its inventory more efficiently, turning over its inventory quicker in recent quarters. This improvement in inventory management could potentially lead to cost savings, better cash flow management, and a more streamlined supply chain. It is important for the company to continue monitoring and optimizing its inventory levels to maintain this positive trend and enhance overall operational performance.
Peer comparison
Dec 31, 2023