Carter’s Inc (CRI)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		3.64	3.57	2.93	4.93	2.87	6.49	3.98	4.44	3.12	2.36	3.10	3.36	2.67	3.81	4.07	10.62	10.95	9.70	8.55	18.17
Number of days of payables	days	100.27	102.25	124.68	74.10	127.18	56.23	91.67	82.23	116.82	154.50	117.63	108.71	136.81	95.73	89.76	34.35	33.34	37.65	42.70	20.09

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.64
= 100.27

The number of days of payables for Carter’s Inc has shown fluctuations over the past five years. The metric indicates the average number of days it takes for the company to pay its suppliers.

In the latest period, as of December 31, 2023, Carter’s Inc took approximately 100.27 days to pay its payables. This suggests a moderate payment cycle, although it is shorter compared to some previous periods.

Looking at historical data, the number of days of payables has ranged between 20.09 days to 154.50 days over the past five years. The highest number of days was recorded in September 2021, indicating an extended payment period at that time. Conversely, the lowest number of days was observed in March 2020, reflecting a relatively shorter payment cycle.

Overall, fluctuations in the number of days of payables can be influenced by factors such as changes in payment terms with suppliers, cash flow management strategies, and company growth. It is essential for Carter’s Inc to maintain an optimal balance in managing its payables to ensure healthy supplier relationships and efficient working capital management.