Crown Holdings Inc (CCK)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 3.72 | 4.06 | 4.19 | 4.46 | |
| Number of days of payables | days | 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 | 98.16 | 89.80 | 87.06 | 81.86 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.52
= 80.76
The number of days of payables for Crown Holdings, Inc. has shown a decreasing trend over the past two quarters, from 95.10 days in Q4 2022 to 94.02 days in Q4 2023. This indicates that the company is taking longer to pay its suppliers. However, it is worth noting that the number of days of payables in Q4 2023 is still below the levels seen in Q2 and Q3 of 2022.
Overall, the company's ability to manage its payables has improved slightly in Q4 2023 compared to the previous quarters. This could be attributed to better cash flow management or negotiation of more favorable payment terms with suppliers. Further monitoring of this ratio will be essential to assess the company's financial health and efficiency in managing its working capital.
Peer comparison
Dec 31, 2023