Crocs Inc (CROX)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.81 | 11.30 | 11.80 | 10.16 | 10.53 | |
| Number of days of payables | days | 30.92 | 32.31 | 30.93 | 35.93 | 34.66 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.81
= 30.92
To analyze Crocs Inc's number of days of payables, we observe that the trend has shown fluctuations over the years. The number of days of payables increased from 34.66 days as of December 31, 2020, to 35.93 days as of December 31, 2021, indicating a slight prolongation in the payment period to suppliers.
However, in the subsequent years, there was a decline in the number of days of payables. As of December 31, 2022, the number of days decreased to 30.93 days, suggesting that Crocs Inc managed to shorten its payables period. This trend continued into December 31, 2023, with a slight increase to 32.31 days, but still lower than the initial values.
As of December 31, 2024, the number of days of payables further decreased to 30.92 days. This indicates that the company has been efficient in managing its payables, possibly negotiating more favorable payment terms with suppliers or improving cash flow management.
Overall, the fluctuations in Crocs Inc's number of days of payables demonstrate its efforts to optimize working capital and maintain a balance between timely payments to suppliers and preserving cash liquidity.
Peer comparison
Dec 31, 2024