Molson Coors Brewing Co Class B (TAP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.02 | 5.39 | 4.56 | 4.59 | 5.22 | |
| Number of days of payables | days | 72.75 | 67.66 | 80.06 | 79.50 | 69.90 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.02
= 72.75
Molson Coors Beverage Company's number of days of payables has shown fluctuation over the past five years. The trend indicates a decrease in 2019 to 89.74 days, followed by an increase in 2021 to 123.00 days, and then a decrease again in 2023 to 107.00 days. This metric suggests that the company takes, on average, 107 days to pay its suppliers and vendors. It is essential for stakeholders to closely monitor this ratio to assess the efficiency of the company's working capital management and its relationships with suppliers.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Molson Coors Brewing Co Class B
TAP
72.75
Boston Beer Company Inc
SAM
27.54