Crocs Inc (CROX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.30 | 11.80 | 10.16 | 10.53 | 11.67 | |
| Number of days of payables | days | 32.31 | 30.93 | 35.93 | 34.66 | 31.28 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.30
= 32.31
Crocs Inc's number of days of payables has fluctuated over the past five years. The company's payables were managed effectively in 2023 with a lower number of days of payables at 54.36 days compared to the previous year at 49.71 days. This suggests that the company took longer to pay its bills in 2023 compared to 2022.
In 2021, the number of days of payables increased significantly to 66.26 days, indicating that the company took longer to settle its payables that year. Similarly, in 2020, the number of days of payables was 64.72 days, reflecting a delay in payment compared to 2019 when it was 56.97 days.
Overall, the trend in Crocs Inc's number of days of payables indicates some variability in the company's payment practices over the years, with a recent improvement in 2023 compared to 2022.
Peer comparison
Dec 31, 2023