Coca-Cola Consolidated (LTS:0I0T) Days Payable : 30.58 (As of Sep. 2024)

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What is Coca-Cola Consolidated Days Payable?

Coca-Cola Consolidated's average Accounts Payable for the three months ended in Sep. 2024 was $358 Mil. Coca-Cola Consolidated's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,068 Mil. Hence, Coca-Cola Consolidated's Days Payable for the three months ended in Sep. 2024 was 30.58.

The historical rank and industry rank for Coca-Cola Consolidated's Days Payable or its related term are showing as below:

LTS:0I0T' s Days Payable Range Over the Past 10 Years
Min: 17.92 Med: 20.67 Max: 35.28
Current: 35.28

During the past 13 years, Coca-Cola Consolidated's highest Days Payable was 35.28. The lowest was 17.92. And the median was 20.67.

LTS:0I0T's Days Payable is ranked worse than
80.73% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 59.57 vs LTS:0I0T: 35.28

Coca-Cola Consolidated's Days Payable declined from Sep. 2023 (47.14) to Sep. 2024 (30.58). It may suggest that Coca-Cola Consolidated accelerated paying its suppliers.

Coca-Cola Consolidated Days Payable Historical Data

The historical data trend for Coca-Cola Consolidated'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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Coca-Cola Consolidated Days Payable Chart

Coca-Cola Consolidated Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.63

22.83

27.15

31.22

33.09

Coca-Cola Consolidated Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															47.14	42.08	35.05	30.25	30.58

Competitive Comparison of Coca-Cola Consolidated's Days Payable

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated'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.

Coca-Cola Consolidated's Days Payable Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's Days Payable distribution charts can be found below:

* The bar in red indicates where Coca-Cola Consolidated's Days Payable falls into.

Coca-Cola Consolidated 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.

Coca-Cola Consolidated'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
=	( (351.729	+	383.562)	/	2 )	/	4055.147	*	365
=	367.6455					/	4055.147	*	365
=	33.09

Coca-Cola Consolidated's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (368.598	+	346.997)	/	2 )	/	1067.616	*	365 / 4
=	357.7975					/	1067.616	*	365 / 4
=	30.58

Coca-Cola Consolidated Days Payable Related Terms

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Coca-Cola Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Consolidated Inc (LTS:0I0T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COKE:USA 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.

Coca-Cola Consolidated Headlines

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