Carter’s Inc (CRI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		4.72	4.51	3.15	2.67	10.95
Number of days of payables	days	77.27	81.00	116.03	136.81	33.34

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.72
= 77.27

Carter’s Inc's number of days of payables has shown fluctuating trends over the past five years. The number of days of payables was 77.27 days as of December 31, 2023, indicating that the company takes approximately 77 days to pay its suppliers. This represents an improvement compared to the previous year where it took 81 days to pay, and significant progress from 2021 and 2020 when it took 116.03 days and 136.81 days, respectively. In contrast, in 2019, Carter’s had a much shorter payables turnover period of 33.34 days. The recent decrease in the number of days of payables suggests that the company may be managing its payables more efficiently.