Crown Holdings Inc (CCK)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.20 | 7.29 | 6.42 | 6.92 | 6.71 | 6.69 | 6.29 | 6.33 | 6.85 | 5.88 | 5.70 | 5.38 | 6.16 | 6.42 | 6.45 | 5.71 | 6.80 | 5.59 | 6.71 | 7.51 | |
| DSO | days | 50.67 | 50.04 | 56.81 | 52.75 | 54.41 | 54.55 | 58.05 | 57.69 | 53.25 | 62.06 | 64.06 | 67.86 | 59.27 | 56.84 | 56.62 | 63.92 | 53.70 | 65.33 | 54.37 | 48.62 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.20
= 50.67
Based on the data provided, Crown Holdings Inc's Days Sales Outstanding (DSO) has shown fluctuations over the periods presented. DSO reflects the average number of days it takes for a company to collect payment after making a sale. Lower DSO values indicate that the company is collecting receivables more quickly, which can improve cash flow and liquidity.
Crown Holdings Inc's DSO ranged from a low of 48.62 days on March 31, 2020, to a high of 67.86 days on March 31, 2022. It is worth noting that DSO peaked in the first quarter of 2022, suggesting possible challenges in collecting payments from customers during that period.
Overall, there are fluctuations in DSO over the periods, indicating some variability in the company's collection efficiency. It would be important for Crown Holdings Inc to monitor and manage its accounts receivable effectively to ensure timely collection of payments and maintain healthy liquidity levels. Working towards reducing DSO can help improve cash flow and overall financial performance.
Peer comparison
Dec 31, 2024