Crown Holdings Inc (CCK)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 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 | 7.63 | 6.47 | 6.39 | 6.94 | |
| DSO | days | 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 | 47.81 | 56.44 | 57.10 | 52.56 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.71
= 54.41
To analyze Crown Holdings, Inc.'s Days of Sales Outstanding (DSO) trend, we can see a slight improvement in the most recent quarter. In Q4 2023, the DSO decreased to 52.24 days compared to 52.54 days in the previous quarter (Q3 2023). This indicates that the company is collecting its accounts receivable slightly faster, which can be a positive sign of efficient cash conversion.
Comparing with the same quarter in the previous year (Q4 2022), where the DSO was 51.97 days, the DSO for Q4 2023 has increased slightly. However, it is notable that the current DSO remains lower than the levels seen in Q2 and Q3 of 2022, suggesting potential improvements in receivables management.
Overall, Crown Holdings, Inc.'s DSO trend shows a relatively stable collection period for accounts receivable over the past quarters. It is essential for the company to continue monitoring and managing its DSO to maintain healthy cash flows and liquidity levels in the future.
Peer comparison
Dec 31, 2023