Crown Holdings Inc (CCK)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,497,000 | 11,362,000 | 12,303,000 | 12,237,000 | 11,007,000 |
| Payables | US$ in thousands | 2,425,000 | 2,459,000 | 2,773,000 | 2,901,000 | 2,141,000 |
| Payables turnover | 4.74 | 4.62 | 4.44 | 4.22 | 5.14 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $11,497,000K ÷ $2,425,000K
= 4.74
The payables turnover ratio for Crown Holdings Inc has exhibited a decreasing trend over the years from 5.14 in December 31, 2020, to 4.74 in December 31, 2024. This indicates that the company took longer to pay its suppliers in 2024 compared to 2020. Although there was a slight increase in the payables turnover ratio in 2022 compared to 2021, the overall trend suggests potential inefficiencies in managing accounts payables. It is essential for Crown Holdings Inc to monitor and potentially improve their payables turnover to ensure optimal cash flow management and supplier relationships.
Peer comparison
Dec 31, 2024