Crown Holdings Inc (CCK)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.74 | 4.62 | 4.44 | 4.22 | 5.14 | |
| Number of days of payables | days | 76.99 | 78.99 | 82.27 | 86.53 | 71.00 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.74
= 76.99
The number of days of payables for Crown Holdings Inc has shown a slight increase over the past years, from 71.00 days as of December 31, 2020, to 76.99 days as of December 31, 2024. This suggests that the company is taking slightly longer to pay its suppliers. However, it's important to note that the increase is relatively small and may be within an acceptable range. It is essential for the company to monitor and manage its payables effectively to maintain healthy relationships with suppliers while optimizing its working capital management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Number of days of payables
Crown Holdings Inc
CCK
76.99
Ball Corporation
BALL
113.44
Silgan Holdings Inc
SLGN
72.17