Molson Coors Brewing Co Class B (TAP)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,467,000 | 25,112,400 | 24,361,000 | 23,646,400 | 23,380,700 | 23,418,000 | 23,223,500 | 23,303,800 | 20,764,200 | 17,795,400 | 14,915,700 | 11,442,100 | 11,723,800 | 12,037,000 | 12,156,600 | 12,746,800 | 13,009,100 | 12,942,500 | 13,069,600 | 13,270,100 |
| Receivables | US$ in thousands | 757,800 | 918,700 | 1,015,100 | 803,800 | 739,800 | 809,800 | 885,200 | 761,200 | 676,400 | 808,300 | 932,300 | 557,900 | 555,600 | 694,200 | 713,700 | 941,300 | 714,700 | 821,500 | 1,015,500 | 3,537,700 |
| Receivables turnover | 33.61 | 27.33 | 24.00 | 29.42 | 31.60 | 28.92 | 26.24 | 30.61 | 30.70 | 22.02 | 16.00 | 20.51 | 21.10 | 17.34 | 17.03 | 13.54 | 18.20 | 15.75 | 12.87 | 3.75 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,467,000K ÷ $757,800K
= 33.61
The receivables turnover ratio for Molson Coors Beverage Company has shown fluctuations over the past eight quarters. The Q4 2023 receivables turnover ratio of 13.31 indicates that, on average, the company collected its accounts receivable approximately 13.31 times during the quarter. This represents an improvement compared to the previous quarters, where the ratios were below 13.
The trend over the past year shows some variability, with peaks and troughs in the ratios. Despite some fluctuations, the company's ability to collect its receivables has generally been consistent, with occasional spikes in efficiency. Overall, the recent increase in the Q4 2023 ratio suggests that Molson Coors Beverage Company improved its management of accounts receivable during the latest quarter, which may lead to better cash flows and working capital management.
Peer comparison
Dec 31, 2023