Crown Holdings Inc (CCK)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,928,000 | 11,504,000 | 11,378,000 | 11,328,000 | 11,532,000 | 11,716,000 | 11,928,000 | 12,382,000 | 12,632,000 | 12,492,000 | 12,255,000 | 11,672,000 | 11,632,000 | 11,816,000 | 11,385,000 | 10,666,000 | 10,345,000 | 10,174,000 | 10,769,000 | 11,667,000 |
| Receivables | US$ in thousands | 1,656,000 | 1,577,000 | 1,771,000 | 1,637,000 | 1,719,000 | 1,751,000 | 1,897,000 | 1,957,000 | 1,843,000 | 2,124,000 | 2,151,000 | 2,170,000 | 1,889,000 | 1,840,000 | 1,766,000 | 1,868,000 | 1,522,000 | 1,821,000 | 1,604,000 | 1,554,000 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,928,000K ÷ $1,656,000K
= 7.20
The receivables turnover ratio for Crown Holdings Inc has fluctuated over the periods indicated. The ratio measures how efficiently the company is collecting outstanding receivables from its customers. A higher turnover indicates that the company is collecting its receivables more quickly.
From March 31, 2020, until December 31, 2022, the receivables turnover ratio varied between 5.38 and 6.85, showing some stability in collection efficiency. However, there was a notable increase in the ratio in December 31, 2022, which continued to rise until September 30, 2024, reaching a high of 7.29, suggesting improved efficiency in collecting receivables.
It's important to note that a high receivables turnover ratio can also indicate a potential credit risk or a very strict credit policy that may impact sales volume. Therefore, a balanced approach in assessing the ratio is required to ensure that efficient collection practices are in place without negatively affecting sales.
Overall, analyzing the trend in Crown Holdings Inc's receivables turnover ratio can provide valuable insights into the company's ability to manage its receivables effectively and efficiently.
Peer comparison
Dec 31, 2024