Crown Holdings Inc (CCK)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.82 | 7.27 | 7.13 | 6.80 | 6.89 | 6.78 | 6.05 | 5.81 | 5.99 | 4.89 | 4.69 | 4.69 | 5.51 | 6.52 | 6.82 | 5.15 | 6.98 | 5.10 | 5.17 | 5.90 |
| Receivables turnover | 7.20 | 7.29 | 6.42 | 6.92 | 6.71 | 6.69 | 6.29 | 6.33 | 6.85 | 5.88 | 5.70 | 5.38 | 6.16 | 6.42 | 6.45 | 5.71 | 6.80 | 5.59 | 6.71 | 7.51 |
| 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 |
| Working capital turnover | 15.99 | 13.16 | 46.63 | 15.80 | 18.25 | 23.67 | 11.27 | 11.40 | 17.38 | 13.05 | — | — | 32.13 | 20.73 | 4.39 | 12.59 | 16.66 | 14.41 | 20.47 | 11.53 |
Inventory Turnover Ratio Analysis:
Crown Holdings Inc's inventory turnover ratio has shown some fluctuations over the years. The ratio indicates how efficiently the company is managing its inventory. A higher ratio is generally favorable as it suggests that inventory is being sold quickly.
The ratio has ranged between 4.69 to 7.82 over the past five years, with a peak in December 2024 at 7.82. A general decreasing trend can be observed in recent quarters which may indicate possible inefficiencies in inventory management or changes in sales patterns.
Receivables Turnover Ratio Analysis:
The receivables turnover ratio reflects how efficiently Crown Holdings Inc is collecting payments from its customers. A higher turnover indicates that sales are being converted into cash quickly, which is a positive sign for the company.
The ratio has varied between 5.38 to 7.29 over the same period. The trend shows some fluctuations with a peak in December 2024 at 7.29. Overall, the company appears to be managing its receivables effectively.
Payables Turnover Ratio Analysis:
The payables turnover ratio measures how efficiently Crown Holdings Inc is managing its outstanding payables. A higher turnover ratio indicates that the company is paying its suppliers more quickly.
The ratio has fluctuated between 3.25 to 5.09 over the past five years. There seems to be some variability in the company's payment cycle, with a peak in March 2023 at 5.09. It's important for the company to strike a balance in managing payables to maintain good relationships with suppliers.
Working Capital Turnover Ratio Analysis:
The working capital turnover ratio assesses how efficiently Crown Holdings Inc is utilizing its working capital to generate sales revenue. A higher ratio typically suggests effective management of working capital.
The values of this ratio have shown significant variations over the years. There are missing values indicating data gaps in some quarters. The peak of 46.63 in June 2024 suggests an exceptional utilization of working capital during that period, possibly due to specific business circumstances.
In conclusion, the activity ratios of Crown Holdings Inc provide insights into the efficiency of its operations. The company should focus on managing inventory levels, collecting receivables promptly, optimizing payables, and leveraging working capital effectively to enhance overall performance and financial health.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 46.65 | 50.23 | 51.19 | 53.68 | 52.98 | 53.87 | 60.29 | 62.80 | 60.89 | 74.65 | 77.77 | 77.88 | 66.20 | 55.98 | 53.51 | 70.94 | 52.28 | 71.57 | 70.62 | 61.82 |
| Days of sales outstanding (DSO) | days | 50.67 | 50.04 | 56.81 | 52.75 | 54.41 | 54.55 | 58.05 | 57.69 | 53.25 | 62.06 | 64.06 | 67.86 | 59.27 | 56.84 | 56.62 | 63.92 | 53.70 | 65.33 | 54.37 | 48.62 |
| 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 |
Crown Holdings Inc's Days of Inventory on Hand (DOH) fluctuated over the years, ranging from a low of 46.65 days at the end of December 2024 to a high of 77.88 days at the end of March 2022. The company's performance in managing its inventory improved towards the end of the period, with a downward trend observed from March 2024 to December 2024.
In terms of Days Sales Outstanding (DSO), Crown Holdings Inc had varying collection periods for its accounts receivable, with the lowest DSO of 48.62 days at the end of March 2020 and the highest DSO of 67.86 days at the end of March 2022. The company showed some improvement in collecting its receivables at the end of the period, with a decreasing trend observed from March 2024 to December 2024.
Regarding the Number of Days of Payables, Crown Holdings Inc managed its payables differently over the years, with the lowest payment period of 71.71 days at the end of September 2023 and the highest payment period of 112.39 days at the end of June 2022. The company exhibited a fluctuating pattern in managing its payables, but a decreasing trend in payment days was observed towards the end of the period, from March 2024 to December 2024.
Overall, Crown Holdings Inc's activity ratios demonstrate fluctuations in managing its inventory, collecting receivables, and paying its payables over the years, indicating varying levels of efficiency in different periods.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 2.42 | 2.29 | 2.28 | 2.24 | 2.28 | 2.40 | 2.44 | 2.63 | 2.78 | 2.93 | 2.97 | 2.86 | 2.88 | 3.08 | 3.01 | 2.55 | 2.83 | 2.62 | 2.82 | 3.11 |
| Total asset turnover | 0.86 | 0.76 | 0.77 | 0.77 | 0.77 | 0.82 | 0.82 | 0.86 | 0.88 | 0.88 | 0.85 | 0.81 | 0.84 | 0.74 | 0.68 | 0.66 | 0.62 | 0.65 | 0.71 | 0.75 |
Crown Holdings Inc's long-term activity ratios show the efficiency of the company in managing its assets over time.
1. Fixed Asset Turnover: It measures how well the company utilizes its fixed assets to generate sales. From March 2020 to December 2024, the fixed asset turnover ratio fluctuated between 2.24 and 3.11. The ratio peaked at 3.11 in March 2020 and showed some volatility but generally trended downwards to 2.42 by December 2024. This suggests that the company's ability to generate sales from its fixed assets decreased over the period.
2. Total Asset Turnover: This ratio indicates how efficiently the company utilizes all its assets to generate sales. The total asset turnover ratio ranged from 0.62 to 0.88 during the same period. It showed some fluctuations but remained relatively stable overall. The ratio improved from 0.62 in December 2020 to 0.86 in March 2023, indicating an increase in sales generated per total asset during that period. However, it declined to 0.76 by September 2024, which could be a concern for the company's asset efficiency.
Overall, while the fixed asset turnover ratio fluctuated, the total asset turnover ratio showed more stability but ended on a slightly declining trend. This analysis suggests that Crown Holdings Inc may need to focus on enhancing its efficiency in utilizing both fixed and total assets to improve sales generation in the long term.