Molson Coors Brewing Co Class B (TAP)
Working capital 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 |
| Total current assets | US$ in thousands | 2,848,500 | 2,638,000 | 2,778,700 | 2,418,800 | 2,184,400 |
| Total current liabilities | US$ in thousands | 4,092,600 | 3,375,400 | 3,622,200 | 3,909,600 | 3,695,500 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $25,352,700K ÷ ($2,848,500K – $4,092,600K)
= —
To calculate the working capital turnover for Molson Coors Beverage Company, we need two key figures: net sales and average working capital.
Working capital turnover ratio = Net Sales / Average Working Capital
Without specific data on net sales and working capital for the respective years listed, I am unable to compute the working capital turnover for any of the years provided.
The working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate sales. A higher ratio typically suggests better utilization of working capital. Conversely, a lower ratio may indicate inefficiencies in managing working capital.
Further analysis would be required with the appropriate financial data to assess Molson Coors Beverage Company's efficiency in utilizing its working capital over the years specified.
Peer comparison
Dec 31, 2023