Coca-Cola Co (BSP:COCA34) Receivables Turnover : 2.74 (As of Sep. 2024)

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What is Coca-Cola Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Coca-Cola Co's Revenue for the three months ended in Sep. 2024 was R$65,645 Mil. Coca-Cola Co's average Accounts Receivable for the three months ended in Sep. 2024 was R$23,961 Mil. Hence, Coca-Cola Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.74.

Coca-Cola Co Receivables Turnover Historical Data

The historical data trend for Coca-Cola Co's Receivables Turnover 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 Co Receivables Turnover Chart

Coca-Cola Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.99

10.46

12.13

11.83

12.81

Coca-Cola Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.23	3.13	2.97	2.92	2.74

Competitive Comparison of Coca-Cola Co's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Co's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coca-Cola Co's Receivables Turnover falls into.

Coca-Cola Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Coca-Cola Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	224185.449	/ (	(18290.71	+	16708.318)	/	2 )
=	224185.449	/	17499.514
=	12.81

Coca-Cola Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	65645.081	/ (	(24479.825	+	23441.507)	/	2 )
=	65645.081	/	23960.666
=	2.74

Coca-Cola Co (BSP:COCA34) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Coca-Cola Co Receivables Turnover Related Terms

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Coca-Cola Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Co (BSP:COCA34) » Definitions » Receivables Turnover

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Address

One Coca-Cola Plaza, Atlanta, GA, USA, 30313

Website

https://www.coca-colacompany.com

Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Coca-Cola Co Headlines

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