Coca-Cola Consolidated (Coca-Cola Consolidated) Change In Inventory : $26 Mil (TTM As of Dec. 2023)

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What is Coca-Cola Consolidated Change In Inventory?

Coca-Cola Consolidated's change in inventory for the quarter that ended in Dec. 2023 was $-2 Mil. It means Coca-Cola Consolidated's inventory increased by $2 Mil from Sep. 2023 to Dec. 2023 .

Coca-Cola Consolidated's change in inventory for the fiscal year that ended in Dec. 2023 was $26 Mil. It means Coca-Cola Consolidated's inventory declined by $26 Mil from Dec. 2022 to Dec. 2023 .

Coca-Cola Consolidated's Total Inventories for the quarter that ended in Dec. 2023 was $322 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coca-Cola Consolidated's Days Inventory for the quarter that ended in Dec. 2023 was 29.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coca-Cola Consolidated's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.08.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Coca-Cola Consolidated's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Coca-Cola Consolidated Change In Inventory Historical Data

The historical data trend for Coca-Cola Consolidated's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Coca-Cola Consolidated Change In Inventory Chart

Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-15.89

0.17

-77.09

-44.69

25.61

Coca-Cola Consolidated Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-33.85	10.23	3.44	13.47	-1.53

Coca-Cola Consolidated Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $26 Mil.

Coca-Cola Consolidated (NAS:COKE) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Coca-Cola Consolidated's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	321.1665	/	989.478	*	365 / 4
	=	29.62

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Coca-Cola Consolidated's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	989.478	/	321.1665
	=	3.08

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Coca-Cola Consolidated's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	321.1665	/	1630.956
	=	0.20

Coca-Cola Consolidated Change In Inventory Related Terms

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Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Consolidated Inc (NAS:COKE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CC5:Germany CC5:Germany

Address

4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211

Website

https://www.cokeconsolidated.com

Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

Executives

Coventry Elaine Moyese Bowers	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Nathaniel Brent Tollison	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Christine Ann Motherwell	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Matthew Joseph Blickley	officer: SVP, Financial Planning & CAO	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Donell W Etheridge	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Jeffrey L Turney	officer: See Remarks	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Murrey John W Iii	director	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fredrick Scott Anthony	officer: SVP, Treasurer	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Richard Tyrone Williams	director	HOMETRUST BANCSHARES, INC., 10 WOODFIN STREET, ASHEVILLE NC 28801
Jennifer K Mann	director	THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
James L Matte	officer: SVP, Human Resources	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fisher E Beauregarde Iii	officer: EVP, General Counsel	4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Wells Sue Anne H.	director	1219 CARTER LAKE ROAD, CHATTANOOGA TN 37405
Deal Clifford M Iii	officer: SVP and CFO	4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Helvey James Relerford Iii	director	100 PIKE WAY, MOUNT AIRY NC 27030