Carter’s Inc (CRI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.78 | 4.72 | 4.51 | 3.15 | 2.67 | |
| Number of days of payables | days | 76.37 | 77.27 | 81.00 | 116.03 | 136.81 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.78
= 76.37
Based on the data provided for Carter’s Inc, the number of days of payables has shown a decreasing trend over the years. On December 31, 2020, the company had an average of 136.81 days of payables, which decreased to 116.03 days by December 31, 2021. Subsequently, there was a notable decrease to 81.00 days by December 31, 2022, followed by a further decrease to 77.27 days by December 31, 2023, and a slight decrease to 76.37 days by December 31, 2024.
The decreasing trend in the number of days of payables suggests that Carter’s Inc has been able to manage its payables more efficiently over the years. This could indicate improved negotiation terms with suppliers or a more effective cash flow management process within the company. Overall, a decreasing number of days of payables is generally considered a positive sign as it indicates a more efficient use of working capital.
Peer comparison
Dec 31, 2024