Crown Holdings Inc (CCK)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,041,000 | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 |
| Receivables | US$ in thousands | 1,656,000 | 1,719,000 | 1,843,000 | 1,889,000 | 1,522,000 |
| Receivables turnover | 7.27 | 6.71 | 6.85 | 5.89 | 7.41 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,041,000K ÷ $1,656,000K
= 7.27
The receivables turnover for Crown Holdings Inc has fluctuated over the past five years. It was 7.41 in December 31, 2020, and decreased to 5.89 by December 31, 2021. Subsequently, it increased to 6.85 in December 31, 2022, followed by a slight decrease to 6.71 by December 31, 2023. The latest data point shows a rise to 7.27 by December 31, 2024. Overall, the company's ability to efficiently collect on its receivables has shown some variability but seems to have improved lately. It is important to further investigate the reasons behind these fluctuations to assess the effectiveness of Crown Holdings Inc's credit and collection policies.
Peer comparison
Dec 31, 2024