Crocs Inc (CROX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,127,212 | 3,087,622 | 3,067,116 | 3,035,230 | 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 |
| Payables | US$ in thousands | 264,901 | 240,891 | 244,853 | 236,289 | 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 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,127,212K ÷ $264,901K
= 11.81
The payables turnover ratio for Crocs Inc has shown some fluctuations over the past few years, ranging from a low of 8.59 in June 2021 to a high of 13.91 in September 2023. This ratio measures how many times a company pays off its accounts payable during a specific period.
A higher payables turnover ratio typically indicates that the company is paying off its suppliers more quickly, which can be a positive sign of efficient cash management and good vendor relationships. Conversely, a lower ratio may suggest that the company is taking longer to settle its payables, which could potentially strain supplier relationships.
Overall, Crocs Inc's payables turnover ratio has generally stayed within a reasonable range, reflecting a balanced approach to managing its accounts payable obligations. However, it would be valuable to further analyze the trend and compare it to industry benchmarks to gain a more comprehensive understanding of the company's payables management efficiency.
Peer comparison
Dec 31, 2024