Molson Coors Brewing Co Class B (TAP)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,552,500 | 11,183,500 | 11,090,100 | 11,118,200 | 10,919,900 | 10,273,600 | 9,960,900 | 9,512,200 | 8,873,500 | 8,166,400 | 7,997,000 | 7,566,600 | 7,955,500 | 8,197,700 | 8,363,600 | 8,812,100 | 8,807,900 | 8,884,800 | 8,947,900 | 8,990,800 |
| Inventory | US$ in thousands | 802,300 | 852,600 | 863,400 | 915,600 | 792,900 | 866,800 | 872,400 | 935,800 | 804,700 | 806,500 | 749,500 | 746,400 | 664,300 | 657,700 | 639,100 | 681,500 | 615,900 | 642,800 | 698,100 | 687,900 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,552,500K ÷ $802,300K
= 13.15
Molson Coors Beverage Company's inventory turnover has shown a generally increasing trend over the past eight quarters, indicating improved efficiency in managing its inventory levels. The company's inventory turnover ratio ranged from 6.78 to 9.14, with the highest turnover achieved in Q4 2023. A higher inventory turnover ratio suggests that the company is selling its products more quickly, which can be a positive sign of effective inventory management and potential profitability. Overall, the consistent improvement in inventory turnover reflects Molson Coors' ability to efficiently convert its inventory into sales.
Peer comparison
Dec 31, 2023
Dec 31, 2023