Molson Coors Brewing Co Class B (TAP)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 33.61 | 27.33 | 24.00 | 29.42 | 31.60 | 28.92 | 26.24 | 30.61 | 30.70 | 22.02 | 16.00 | 20.51 | 21.10 | 17.34 | 17.03 | 13.54 | 18.20 | 15.75 | 12.87 | 3.75 | |
| DSO | days | 10.86 | 13.35 | 15.21 | 12.41 | 11.55 | 12.62 | 13.91 | 11.92 | 11.89 | 16.58 | 22.81 | 17.80 | 17.30 | 21.05 | 21.43 | 26.95 | 20.05 | 23.17 | 28.36 | 97.31 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 33.61
= 10.86
Based on the trend of Molson Coors Beverage Company's Days of Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the collection period for accounts receivable. In Q4 2023, the DSO decreased to 27.43 days from 34.17 days in Q3 2023. This reduction indicates that the company was able to collect payments from its customers more efficiently during the quarter.
Comparing the latest quarter to the corresponding quarter of the previous year, Q4 2023 also showed an improvement from 29.55 days in Q4 2022, reflecting a positive trend in the management of accounts receivable.
The overall decreasing trend in DSO from Q2 2022 to Q4 2023 suggests that Molson Coors Beverage Company has been successful in enhancing its collection process and managing its accounts receivable more effectively over time. These improvements may indicate a strengthening financial position and operational efficiency within the company's receivables management.
Peer comparison
Dec 31, 2023