Molson Coors Brewing Co Class B (TAP)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.91 | — | — | — | 5.28 | — | — | — | 4.23 | — | — | — | 4.59 | — | — | — | 5.22 | — | — | — | |
| Number of days of payables | days | 74.36 | — | — | — | 69.13 | — | — | — | 86.30 | — | — | — | 79.50 | — | — | — | 69.90 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.91
= 74.36
Molson Coors Beverage Company's number of days of payables as of Q4 2023 was 107.00 days. This metric remained unchanged from Q4 2022, where it was also 107.14 days. Number of days of payables indicates how long, on average, it takes the company to pay its suppliers. The consistent figure suggests that Molson Coors maintains a stable payment cycle and is able to effectively manage its payables over the quarters analyzed. However, further analysis across multiple quarters would provide a more comprehensive understanding of the company's payables management strategy and trends.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Molson Coors Brewing Co Class B
TAP
74.36
Boston Beer Company Inc
SAM
27.54