Molson Coors Brewing Co Class B (TAP)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,093,600 | 7,333,300 | 7,045,800 | 6,226,300 | 5,885,700 |
| Inventory | US$ in thousands | 727,800 | 802,300 | 792,900 | 804,700 | 664,300 |
| Inventory turnover | 9.75 | 9.14 | 8.89 | 7.74 | 8.86 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $7,093,600K ÷ $727,800K
= 9.75
The inventory turnover of Molson Coors Brewing Co Class B has shown a fluctuating trend over the past five years. The ratio was 8.86 in December 31, 2020, and decreased to 7.74 by December 31, 2021, indicating that the company took longer to sell its inventory in 2021 compared to the previous year.
However, there was an improvement in inventory management in the following years as the turnover ratio increased to 8.89 in December 31, 2022, 9.14 in December 31, 2023, and further to 9.75 by December 31, 2024. These increasing values suggest that Molson Coors Brewing Co became more efficient in selling its inventory, indicating a positive trend towards faster inventory turnover and potentially improved liquidity.
Overall, the upward trend in inventory turnover ratios reflects a more effective management of inventory levels by the company, which can lead to better working capital management and potentially improved profitability in the long run.
Peer comparison
Dec 31, 2024