Crocs Inc (CROX)
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 | 11.30 | 13.91 | 10.95 | 12.18 | 11.80 | 12.75 | 9.43 | 9.13 | 10.16 | 11.74 | 8.59 | 8.90 | 10.53 | 9.19 | 12.96 | 10.62 | 11.67 | 12.73 | 10.61 | 11.70 | |
| Number of days of payables | days | 32.31 | 26.24 | 33.32 | 29.95 | 30.93 | 28.64 | 38.71 | 39.96 | 35.93 | 31.10 | 42.48 | 41.03 | 34.66 | 39.71 | 28.17 | 34.36 | 31.28 | 28.67 | 34.41 | 31.19 |
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 fluctuated over the past eight quarters, ranging from a low of 43.24 days in Q3 2023 to a high of 72.50 days in Q1 2022. The average number of days of payables over the period was approximately 53 days. A lower number of days of payables indicates that the company takes fewer days to pay its suppliers, potentially reflecting efficient management of working capital. Conversely, a higher number of days of payables suggests that the company may be taking longer to pay its suppliers, which could impact its relationships with suppliers. Tracking and analyzing changes in the number of days of payables can provide insights into the company's cash flow management and vendor payment practices.
Peer comparison
Dec 31, 2023