Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Coca-Cola Co. inventory turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Coca-Cola Co. receivables turnover ratio improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Coca-Cola Co. working capital turnover ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Coca-Cola Co. number of days of inventory outstanding deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Coca-Cola Co. number of days of receivables outstanding improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Coca-Cola Co. operating cycle deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Inventory Turnover
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Cost of goods sold | 4,235) | 4,634) | 4,657) | 4,912) | 4,317) | 4,513) | 4,566) | 4,830) | 4,091) | 4,088) | 3,977) | 3,787) | 3,505) | 3,578) | 3,471) | 3,013) | 3,371) | 3,566) | 3,767) | 3,921) | 3,365) | |||||||
Inventories | 4,961) | 4,424) | 4,252) | 4,646) | 4,727) | 4,233) | 3,708) | 3,621) | 3,741) | 3,414) | 3,182) | 3,281) | 3,356) | 3,266) | 3,264) | 3,501) | 3,558) | 3,379) | 3,266) | 3,453) | 3,178) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Inventory turnover1 | 3.72 | 4.19 | 4.33 | 3.94 | 3.86 | 4.25 | 4.74 | 4.69 | 4.26 | 4.50 | 4.67 | 4.37 | 4.04 | 4.11 | 4.11 | 3.92 | 4.11 | 4.33 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | 5.01 | 5.12 | 5.34 | 5.38 | 5.14 | 5.46 | 6.00 | 5.93 | 5.73 | 5.96 | 6.41 | 4.10 | 3.72 | 3.98 | 4.10 | 3.96 | 3.83 | 3.09 | — | — | — | |||||||
Mondelēz International Inc. | 5.92 | 6.16 | 5.78 | 5.66 | 5.82 | 5.97 | 5.71 | 6.12 | 6.33 | 6.45 | 5.84 | 5.67 | 6.13 | 6.10 | 5.59 | 5.84 | 6.49 | 6.10 | — | — | — | |||||||
PepsiCo Inc. | 7.57 | 7.85 | 7.59 | 7.01 | 7.22 | 7.77 | 7.83 | 7.26 | 7.95 | 8.53 | 8.11 | 6.82 | 7.10 | 7.62 | 7.43 | 7.01 | 8.49 | 9.03 | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Inventory turnover
= (Cost of goods soldQ1 2024
+ Cost of goods soldQ4 2023
+ Cost of goods soldQ3 2023
+ Cost of goods soldQ2 2023)
÷ Inventories
= (4,235 + 4,634 + 4,657 + 4,912)
÷ 4,961 = 3.72
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Coca-Cola Co. inventory turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Receivables Turnover
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Net operating revenues | 11,300) | 10,849) | 11,953) | 11,972) | 10,980) | 10,125) | 11,063) | 11,325) | 10,491) | 9,464) | 10,042) | 10,129) | 9,020) | 8,611) | 8,652) | 7,150) | 8,601) | 9,068) | 9,507) | 9,997) | 8,694) | |||||||
Trade accounts receivable, less allowances | 4,244) | 3,410) | 3,495) | 3,970) | 4,599) | 3,487) | 3,994) | 4,494) | 4,641) | 3,512) | 3,889) | 4,036) | 3,762) | 3,144) | 3,827) | 3,849) | 4,430) | 3,971) | 4,353) | 4,888) | 3,852) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Receivables turnover1 | 10.86 | 13.42 | 12.88 | 11.12 | 9.46 | 12.33 | 10.60 | 9.19 | 8.65 | 11.01 | 9.72 | 9.02 | 8.89 | 10.50 | 8.75 | 8.92 | 8.39 | 9.38 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | 316.10 | 344.83 | 431.91 | 395.05 | 429.71 | 522.83 | 485.38 | 592.47 | 562.37 | 553.47 | 723.94 | 199.99 | 181.90 | 190.90 | 171.23 | 182.78 | 175.79 | 165.20 | — | — | — | |||||||
Mondelēz International Inc. | 9.04 | 9.91 | 10.12 | 11.63 | 9.39 | 10.20 | 10.80 | 12.11 | 9.94 | 12.29 | 10.61 | 12.51 | 10.21 | 11.57 | 10.52 | 13.08 | 9.91 | 11.69 | — | — | — | |||||||
PepsiCo Inc. | 8.40 | 8.46 | 7.78 | 7.87 | 8.41 | 8.50 | 7.79 | 7.80 | 8.58 | 9.16 | 8.03 | 7.67 | 8.03 | 8.37 | 7.38 | 7.71 | 8.04 | 8.59 | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Receivables turnover
= (Net operating revenuesQ1 2024
+ Net operating revenuesQ4 2023
+ Net operating revenuesQ3 2023
+ Net operating revenuesQ2 2023)
÷ Trade accounts receivable, less allowances
= (11,300 + 10,849 + 11,953 + 11,972)
÷ 4,244 = 10.86
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Coca-Cola Co. receivables turnover ratio improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |
Working Capital Turnover
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
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Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current assets | 29,462) | 26,732) | 27,867) | 27,591) | 26,880) | 22,591) | 24,139) | 23,141) | 22,156) | 22,545) | 24,240) | 22,481) | 21,932) | 19,240) | 30,410) | 29,371) | 28,234) | 20,411) | 23,117) | 24,360) | 28,540) | |||||||
Less: Current liabilities | 28,356) | 23,571) | 24,409) | 24,115) | 23,357) | 19,724) | 21,439) | 20,531) | 18,787) | 19,950) | 15,990) | 15,299) | 16,486) | 14,601) | 26,891) | 26,848) | 32,397) | 26,973) | 25,100) | 29,382) | 27,943) | |||||||
Working capital | 1,106) | 3,161) | 3,458) | 3,476) | 3,523) | 2,867) | 2,700) | 2,610) | 3,369) | 2,595) | 8,250) | 7,182) | 5,446) | 4,639) | 3,519) | 2,523) | (4,163) | (6,562) | (1,983) | (5,022) | 597) | |||||||
Net operating revenues | 11,300) | 10,849) | 11,953) | 11,972) | 10,980) | 10,125) | 11,063) | 11,325) | 10,491) | 9,464) | 10,042) | 10,129) | 9,020) | 8,611) | 8,652) | 7,150) | 8,601) | 9,068) | 9,507) | 9,997) | 8,694) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Working capital turnover1 | 41.66 | 14.47 | 13.02 | 12.70 | 12.35 | 15.00 | 15.68 | 15.83 | 11.91 | 14.90 | 4.58 | 5.07 | 6.14 | 7.12 | 9.51 | 13.61 | — | — | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Mondelēz International Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
PepsiCo Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 31.12 | — | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Working capital turnover
= (Net operating revenuesQ1 2024
+ Net operating revenuesQ4 2023
+ Net operating revenuesQ3 2023
+ Net operating revenuesQ2 2023)
÷ Working capital
= (11,300 + 10,849 + 11,953 + 11,972)
÷ 1,106 = 41.66
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Coca-Cola Co. working capital turnover ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Average Inventory Processing Period
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||
Inventory turnover | 3.72 | 4.19 | 4.33 | 3.94 | 3.86 | 4.25 | 4.74 | 4.69 | 4.26 | 4.50 | 4.67 | 4.37 | 4.04 | 4.11 | 4.11 | 3.92 | 4.11 | 4.33 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
Average inventory processing period1 | 98 | 87 | 84 | 93 | 95 | 86 | 77 | 78 | 86 | 81 | 78 | 84 | 90 | 89 | 89 | 93 | 89 | 84 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||
Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | 73 | 71 | 68 | 68 | 71 | 67 | 61 | 62 | 64 | 61 | 57 | 89 | 98 | 92 | 89 | 92 | 95 | 118 | — | — | — | |||||||
Mondelēz International Inc. | 62 | 59 | 63 | 65 | 63 | 61 | 64 | 60 | 58 | 57 | 62 | 64 | 60 | 60 | 65 | 62 | 56 | 60 | — | — | — | |||||||
PepsiCo Inc. | 48 | 46 | 48 | 52 | 51 | 47 | 47 | 50 | 46 | 43 | 45 | 54 | 51 | 48 | 49 | 52 | 43 | 40 | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.72 = 98
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Coca-Cola Co. number of days of inventory outstanding deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Average Receivable Collection Period
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||
Receivables turnover | 10.86 | 13.42 | 12.88 | 11.12 | 9.46 | 12.33 | 10.60 | 9.19 | 8.65 | 11.01 | 9.72 | 9.02 | 8.89 | 10.50 | 8.75 | 8.92 | 8.39 | 9.38 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
Average receivable collection period1 | 34 | 27 | 28 | 33 | 39 | 30 | 34 | 40 | 42 | 33 | 38 | 40 | 41 | 35 | 42 | 41 | 43 | 39 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||
Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | — | — | — | |||||||
Mondelēz International Inc. | 40 | 37 | 36 | 31 | 39 | 36 | 34 | 30 | 37 | 30 | 34 | 29 | 36 | 32 | 35 | 28 | 37 | 31 | — | — | — | |||||||
PepsiCo Inc. | 43 | 43 | 47 | 46 | 43 | 43 | 47 | 47 | 43 | 40 | 45 | 48 | 45 | 44 | 49 | 47 | 45 | 43 | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.86 = 34
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Coca-Cola Co. number of days of receivables outstanding improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |
Operating Cycle
Mar 29, 2024 | Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||
Average inventory processing period | 98 | 87 | 84 | 93 | 95 | 86 | 77 | 78 | 86 | 81 | 78 | 84 | 90 | 89 | 89 | 93 | 89 | 84 | — | — | — | |||||||
Average receivable collection period | 34 | 27 | 28 | 33 | 39 | 30 | 34 | 40 | 42 | 33 | 38 | 40 | 41 | 35 | 42 | 41 | 43 | 39 | — | — | — | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Operating cycle1 | 132 | 114 | 112 | 126 | 134 | 116 | 111 | 118 | 128 | 114 | 116 | 124 | 131 | 124 | 131 | 134 | 132 | 123 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||
Altria Group Inc. | 74 | 72 | 69 | 69 | 72 | 68 | 62 | 63 | 65 | 62 | 58 | 91 | 100 | 94 | 91 | 94 | 97 | 120 | — | — | — | |||||||
Mondelēz International Inc. | 102 | 96 | 99 | 96 | 102 | 97 | 98 | 90 | 95 | 87 | 96 | 93 | 96 | 92 | 100 | 90 | 93 | 91 | — | — | — | |||||||
PepsiCo Inc. | 91 | 89 | 95 | 98 | 94 | 90 | 94 | 97 | 89 | 83 | 90 | 102 | 96 | 92 | 98 | 99 | 88 | 83 | — | — | — |
Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q1 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 98 + 34 = 132
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Coca-Cola Co. operating cycle deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |