Molson Coors Brewing Co Class B (TAP)
Payables 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 |
| Payables | US$ in thousands | 2,149,800 | — | — | — | 2,068,200 | — | — | — | 2,098,100 | — | — | — | 1,732,700 | — | — | — | 1,686,800 | — | — | — |
| Payables turnover | 4.91 | — | — | — | 5.28 | — | — | — | 4.23 | — | — | — | 4.59 | — | — | — | 5.22 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,552,500K ÷ $2,149,800K
= 4.91
The payables turnover ratio for Molson Coors Beverage Company in Q4 2023 was 3.41. This indicates that, on average, the company paid its suppliers approximately 3.41 times during the quarter. Compared to the payables turnover ratio of 3.41 in Q4 2022, there seems to be consistency in the company's ability to manage its accounts payable effectively over time. However, it is important to note that data for the other quarters in 2023 is not provided, making it difficult to assess any seasonal trends or changes in payables management during the year. Overall, a payables turnover ratio of 3.41 suggests that Molson Coors Beverage Company is efficiently managing its accounts payable by paying its suppliers promptly.
Peer comparison
Dec 31, 2023