Carter’s Inc (CRI)

Number of days of payables

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
Payables turnover 3.38 2.58 2.31 3.98 3.11 2.99 2.47 4.21 2.87 6.49 3.98 4.44 3.12 2.36 3.10 3.36 2.67 3.81 4.07 10.62
Number of days of payables days 108.07 141.27 158.10 91.63 117.31 121.93 147.63 86.60 127.18 56.23 91.67 82.23 116.82 154.50 117.63 108.71 136.81 95.73 89.76 34.35

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.38
= 108.07

Carter’s Inc has shown fluctuations in its number of days of payables over the reported periods. The company's payables turnover, as reflected by the number of days of payables, ranged from a low of 34.35 days on March 31, 2020, to a high of 158.10 days on June 30, 2024.

The trend indicates variability in the company's payment cycle, with periods of relatively shorter or longer days of payables. Notably, there were significant increases in days of payables from December 31, 2020, to September 30, 2021, and from June 30, 2023, to June 30, 2024. These longer periods may indicate delays in settling payables or changes in the company's payment policies during those periods.

Conversely, there were instances of decreased days of payables, such as the decrease from September 30, 2021, to September 30, 2022. This reduction could suggest improved efficiency in managing payables or a shift towards quicker payments to suppliers during that time frame.

Overall, analyzing the number of days of payables provides insights into Carter’s Inc's payment practices and working capital management, highlighting the variability and potential changes in the company's supplier payment behavior over the reported periods.