Crane Company (CR)
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 | 3.32 | 3.52 | 3.51 | 3.44 | 4.12 | 4.57 | 4.89 | 4.04 | 4.51 | 4.54 | 4.52 | 3.23 | 3.55 | 3.53 | 3.38 | 4.43 | 4.41 | 4.91 | 4.75 | 4.77 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.41 | 3.38 | 3.75 | 3.69 | 3.87 | 4.21 | 4.73 | 4.64 | 14.97 | 8.00 | 3.70 | 3.75 | 3.41 | 3.20 | 3.38 | 4.89 | 5.67 | 6.36 | 7.67 | 8.36 |
The inventory turnover ratio for Crane Company has shown fluctuations over the past few years, ranging from a low of 3.23 in March 2022 to a high of 4.91 in September 2020. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more quickly. However, the decreasing trend in the inventory turnover ratio from June 2023 to December 2024 may suggest inefficiencies in managing inventory levels or slowing sales.
The receivables turnover and payables turnover ratios are not available for analysis as there is no data provided for these metrics. These ratios are important in assessing how quickly the company collects payments from customers and manages its payables, respectively.
The working capital turnover ratio for Crane Company has also varied significantly, from 2.41 in December 2024 to 14.97 in December 2022. A higher working capital turnover ratio typically indicates efficient utilization of working capital to generate sales. The decreasing trend in this ratio towards the end of the period may suggest a potential issue with efficiently converting working capital into sales.
In conclusion, while the inventory turnover ratio fluctuates over the period, the lack of data for receivables turnover and payables turnover ratios limits a comprehensive analysis of Crane Company's activity ratios. The working capital turnover ratio indicates varying efficiencies in utilizing working capital to generate sales during the period under consideration. Monitoring these ratios over time will be crucial to understanding the company's operational efficiency and financial performance.
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 | 109.90 | 103.76 | 103.94 | 106.18 | 88.53 | 79.83 | 74.69 | 90.39 | 80.96 | 80.42 | 80.78 | 112.85 | 102.88 | 103.46 | 108.03 | 82.34 | 82.69 | 74.30 | 76.92 | 76.44 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The analysis of Crane Company's activity ratios provides insight into the efficiency of the company's operations.
1. Days of Inventory on Hand (DOH):
- The DOH ratio measures how many days, on average, inventory is held before being sold.
- Crane Company's DOH fluctuates over the periods provided, ranging from 74.30 days to 112.85 days.
- The highest DOH was recorded on March 31, 2022, at 112.85 days, indicating a longer time taken to sell inventory.
2. Days of Sales Outstanding (DSO):
- DSO measures how long it takes for the company to collect cash from credit sales.
- The data shows that DSO is not available for any of the periods provided, which suggests that there might be different accounting practices or reporting methods in place.
3. Number of Days of Payables:
- The information for the number of days of payables is not available for any of the periods provided, making it challenging to assess the efficiency of Crane Company in managing its payables.
In conclusion, based on the available data, Crane Company's inventory turnover seems to fluctuate, but the lack of information regarding sales outstanding and payables hinders a comprehensive analysis of the company's overall activity ratios.
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 | — | — | — | — | — | 10.68 | 11.77 | 13.38 | 5.49 | 6.58 | — | — | — | — | — | — | — | — | — | — |
| Total asset turnover | 0.81 | 0.86 | 0.88 | 0.88 | 1.04 | 1.23 | 1.37 | 0.77 | 0.75 | 0.79 | 0.72 | 0.74 | 0.72 | 0.71 | 0.70 | 0.65 | 0.64 | 0.66 | 0.67 | 0.73 |
Crane Company's long-term activity ratios show the following trends:
1. Fixed Asset Turnover:
- The fixed asset turnover ratio, which measures how efficiently the company is utilizing its fixed assets to generate revenues, was not available for most of the periods but showed a significant increase from 6.58 in September 2022 to 11.77 in June 2023, indicating improved efficiency in utilizing fixed assets during that period.
2. Total Asset Turnover:
- The total asset turnover ratio, which indicates the company's ability to generate sales from its total assets, fluctuated over the periods analyzed. It increased from 0.73 in March 2020 to a peak of 1.37 in June 2023 before declining to 0.81 by December 2024. This suggests that the company was able to generate more sales relative to its total assets during the peak period but saw a decrease in efficiency towards the end of the analyzed period.
Overall, Crane Company experienced varying levels of efficiency in utilizing its assets to generate revenues, with the total asset turnover ratio peaking in June 2023. Monitoring these ratios can provide insights into the company's operational efficiency and asset utilization over time.