Crocs Inc (CROX)
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 | 11.81 | 12.82 | 12.53 | 12.85 | 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 | |
| Number of days of payables | days | 30.92 | 28.48 | 29.14 | 28.41 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.81
= 30.92
Crocs Inc's number of days of payables fluctuated over the observed period, ranging from a low of 26.24 days on September 30, 2023, to a high of 42.48 days on June 30, 2021. This metric reflects how long it takes for the company to pay its suppliers or vendors. Generally, a lower number of days of payables indicates that the company is paying its bills more quickly, which can be a positive sign of financial health and efficient management of working capital. Conversely, a higher number of days of payables may suggest that the company is holding onto cash longer, potentially signaling liquidity issues or strained supplier relationships.
Crocs Inc's trend in the number of days of payables indicates some variability, but it appears to have improved towards the latter part of the observed period, with the metric decreasing from 42.48 days on June 30, 2021, to 28.48 days on September 30, 2024. This improvement could potentially be attributed to better cash management practices, negotiation of more favorable payment terms with suppliers, or changes in procurement strategies.
Analyzing the number of days of payables in conjunction with other financial ratios and metrics can provide a more comprehensive understanding of Crocs Inc's financial performance and working capital management.
Peer comparison
Dec 31, 2024