Crown Holdings Inc (CCK)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.65 | 4.59 | 4.72 | 5.08 | 4.52 | 5.09 | 4.97 | 5.04 | 4.35 | 3.70 | 3.25 | 3.35 | 3.30 | 4.30 | 4.55 | 3.74 | 4.12 | 3.61 | 4.14 | 4.74 | |
| Number of days of payables | days | 78.55 | 79.56 | 77.26 | 71.81 | 80.76 | 71.71 | 73.46 | 72.41 | 83.84 | 98.72 | 112.39 | 109.06 | 110.69 | 84.87 | 80.19 | 97.60 | 88.63 | 101.12 | 88.25 | 76.97 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.65
= 78.55
The number of days of payables for Crown Holdings Inc has shown some fluctuations over the past few years, ranging from a low of 71.71 days as of September 30, 2023, to a high of 112.39 days as of June 30, 2022. This metric measures how long it takes for the company to pay off its suppliers and is an indication of its liquidity management and vendor relationships.
A higher number of days of payables may suggest that Crown Holdings Inc is taking longer to settle its outstanding payables, which could potentially indicate a better cash flow position or bargaining power with suppliers. On the other hand, a lower number of days of payables may indicate efficient cash management but could also signal potential cash flow issues or strained supplier relationships.
Overall, the trend in the number of days of payables for Crown Holdings Inc demonstrates fluctuations but appears to have stabilized around the range of 70-110 days in the recent periods. It would be important to further analyze the company's financial statements and industry norms to gain a better understanding of its payables management strategy and financial health.
Peer comparison
Dec 31, 2024