Molson Coors Brewing Co Class B (TAP)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 33.46 | 31.44 | 33.22 | 21.10 | 18.20 | |
| DSO | days | 10.91 | 11.61 | 10.99 | 17.30 | 20.05 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 33.46
= 10.91
The Days of Sales Outstanding (DSO) metric for Molson Coors Beverage Company has shown a fluctuating trend over the last five years. In 2023, the DSO stood at 27.43 days, marking a decrease from the previous year. This suggests that the company is collecting its accounts receivable more efficiently compared to 2022 when the DSO was 29.55 days.
Looking further back, the trend reveals that in 2021, the DSO increased to 31.22 days from 25.98 days in 2020. This rise indicates a potential delay in collecting receivables during that period. In 2019, the DSO was slightly higher at 28.30 days compared to 2023, but lower than the 2021 peak.
Overall, Molson Coors Beverage Company's DSO has shown variability, with improvements in collection efficiency seen in 2023 compared to 2022 and a peak in 2021. This metric is crucial in assessing the company's effectiveness in managing its receivables and maintaining healthy cash flows.
Peer comparison
Dec 31, 2023