Molson Coors Brewing Co Class B (TAP)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Receivables | US$ in thousands | 757,800 | 739,800 | 676,400 | 555,600 | 714,700 |
| Receivables turnover | 33.46 | 31.44 | 33.22 | 21.10 | 18.20 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $25,352,700K ÷ $757,800K
= 33.46
The receivables turnover ratio for Molson Coors Beverage Company has shown a fluctuating trend over the past five years. In 2023, the ratio stood at 13.31, indicating that the company collected its accounts receivable approximately 13.31 times during the year. This represents an improvement compared to the previous year, where the ratio was 12.35.
The upward trend in 2023 suggests that Molson Coors was able to efficiently collect payments from its customers, possibly through more effective credit control measures or improved invoicing and collection processes. However, it is important to note that the ratio was slightly lower in 2022 compared to 2020 and 2019, where values were 14.05 and 12.90, respectively.
Overall, a higher receivables turnover ratio indicates that the company is effectively managing its accounts receivable, converting sales into cash quickly. This can be a positive sign of liquidity and operational efficiency for Molson Coors Beverage Company.
Peer comparison
Dec 31, 2023