Crocs Inc (CROX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,948,183 | 2,919,678 | 2,868,844 | 2,831,583 | 2,723,816 | 2,422,791 | 2,124,611 | 1,853,445 | 1,647,386 | 1,566,373 | 1,433,172 | 1,262,675 | 1,187,611 | 1,094,903 | 1,078,135 | 1,114,249 | 1,117,272 | 1,093,895 | 1,068,182 | 1,048,054 |
| Payables | US$ in thousands | 260,978 | 209,890 | 261,909 | 232,383 | 230,821 | 190,097 | 225,302 | 202,919 | 162,145 | 133,446 | 166,817 | 141,942 | 112,778 | 119,108 | 83,221 | 104,893 | 95,754 | 85,938 | 100,705 | 89,555 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,948,183K ÷ $260,978K
= 11.30
Crocs Inc's payables turnover ratio has fluctuated over the past eight quarters. The ratio measures how efficiently the company is managing its accounts payable by evaluating how many times it pays off its suppliers in a given period.
In Q3 2023, the payables turnover ratio peaked at 8.44, indicating that Crocs Inc was able to quickly settle its outstanding payables within that quarter. This could suggest efficient cash management and strong relationships with suppliers. In contrast, Q2 2022 saw a lower payables turnover ratio of 5.52, which may imply a longer payment period to suppliers or potential liquidity challenges within the company.
Overall, the trend shows some variability in Crocs Inc's payables turnover, but the company generally maintained a moderate to high turnover rate, demonstrating a reasonable ability to manage its accounts payable efficiently over the analyzed period.
Peer comparison
Dec 31, 2023