Crane Company (CR)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Payables turnover | 10.04 | ||||
| Number of days of payables | days | 36.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.04
= 36.36
The number of days of payables for Crane Company as of December 31, 2023, was 36.36 days. This ratio indicates the average number of days it takes for the company to pay its creditors for purchases made on credit. A lower number of days of payables suggests that the company is efficient in managing its accounts payable and paying its suppliers promptly. Conversely, a higher number of days may signal that the company is taking longer to pay its obligations, which could strain relationships with suppliers or indicate cash flow difficulties. Monitoring this ratio over time can provide insights into the company's payment practices and financial health.
Peer comparison
Dec 31, 2023