Crown Holdings Inc (CCK)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 11,268,000 | 11,373,000 | 10,880,000 | 10,948,000 | 11,113,000 | 11,275,000 | 11,552,000 | 11,961,000 | 12,072,000 | 10,678,000 | 10,311,000 | 9,669,000 | 9,566,000 | 10,889,000 | 10,178,000 | 9,349,000 | 8,817,000 | 8,374,000 | 9,029,000 | 9,849,000 |
| Payables | US$ in thousands | 2,425,000 | 2,479,000 | 2,303,000 | 2,154,000 | 2,459,000 | 2,215,000 | 2,325,000 | 2,373,000 | 2,773,000 | 2,888,000 | 3,175,000 | 2,889,000 | 2,901,000 | 2,532,000 | 2,236,000 | 2,500,000 | 2,141,000 | 2,320,000 | 2,183,000 | 2,077,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $11,268,000K ÷ $2,425,000K
= 4.65
The payables turnover ratio of Crown Holdings Inc has displayed some fluctuations over the period provided. The ratio indicates the efficiency with which the company pays its suppliers and vendors.
From March 31, 2020, to December 31, 2021, the payables turnover ratio ranged between 3.61 and 4.74, suggesting a relatively stable performance in managing its accounts payable during this period.
However, from March 31, 2022, to December 31, 2024, the ratio fluctuated more widely between 3.25 and 5.09. This may indicate changes in the company's payment terms, supplier relationships, or cash flow management during this time frame.
Overall, a higher payables turnover ratio signifies that the company is paying its suppliers more frequently within the period under consideration. A decreasing trend in the payables turnover ratio could indicate potential liquidity issues or changes in the company's payment practices. It is important for stakeholders to monitor these trends to assess the company's financial health and management of working capital.
Peer comparison
Dec 31, 2024