Molson Coors Beverage Co (LTS:0K2K) Days Payable

: 142.98 (As of Dec. 2023)

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Molson Coors Beverage Co's average Accounts Payable for the three months ended in Dec. 2023 was $2,754 Mil. Molson Coors Beverage Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,758 Mil. Hence, Molson Coors Beverage Co's Days Payable for the three months ended in Dec. 2023 was 142.98.

The historical rank and industry rank for Molson Coors Beverage Co's Days Payable or its related term are showing as below:

LTS:0K2K' s Days Payable Range Over the Past 10 Years
Min: 83.87 Med: 102.9 Max: 138.14
Current: 138.14

During the past 13 years, Molson Coors Beverage Co's highest Days Payable was 138.14. The lowest was 83.87. And the median was 102.90.

LTS:0K2K's Days Payable is ranked better than
70.1% of 204 companies
in the Beverages - Alcoholic industry
Industry Median: 80.665 vs LTS:0K2K: 138.14

Molson Coors Beverage Co's Days Payable increased from Dec. 2022 (137.86) to Dec. 2023 (142.98). It may suggest that Molson Coors Beverage Co delayed paying its suppliers.

Molson Coors Beverage Co Days Payable Historical Data

The historical data trend for Molson Coors Beverage Co's Days Payable 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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Molson Coors Beverage Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

94.53

106.03

112.29

107.92

104.97

Molson Coors Beverage Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																137.86	143.68	140.38	158.12	142.98

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Molson Coors Beverage Co Days Payable Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Days Payable falls into.

Molson Coors Beverage Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Molson Coors Beverage Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2068.2	+	2149.8)	/	2 )	/	7333.3	*	365
=	2109					/	7333.3	*	365
=	104.97

Molson Coors Beverage Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3358.9	+	2149.8)	/	2 )	/	1757.8	*	365 / 4
=	2754.35					/	1757.8	*	365 / 4
=	142.98

Molson Coors Beverage Co Days Payable Related Terms

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Molson Coors Beverage Co (LTS:0K2K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Beverage Co (LTS:0K2K) » Definitions » Days Payable

Traded in Other Exchanges

TAP.A:USA TAP:USA NY7:Germany

Address

NH353, P.O. Box 4030, Golden, CO, USA, 80401

Website

https://www.molsoncoors.com

Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.

Molson Coors Beverage Co (LTS:0K2K) Headlines

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