Carpenter Technology Corporation (CRS)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019
Payables turnover		14.98	14.34	12.78	12.72	14.22	11.75	9.26	8.17	7.95	3.14	4.09	5.17	10.18	11.42	18.55	18.31	17.90	10.27	9.25	8.25
Number of days of payables	days	24.37	25.45	28.56	28.69	25.67	31.06	39.41	44.68	45.91	116.37	89.21	70.63	35.84	31.95	19.67	19.93	20.39	35.53	39.48	44.23

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.98
= 24.37

The number of days of payables for Carpenter Technology Corporation has shown fluctuations over the past few quarters. In the most recent quarter, ending June 30, 2024, the company took approximately 24.37 days to pay its payables. This represents a slight decrease from the previous quarter's figure of 25.45 days, indicating an improvement in the efficiency of managing payables.

Looking back over the past eight quarters, there has been variability in the number of days of payables. The highest number of days of payables was observed in the quarter ending March 31, 2022, at 116.37 days, which significantly improved in subsequent quarters. This suggests that the company may have implemented strategies to manage its payables more effectively.

On average, the company takes around 40 days to pay its payables, but it is important to note the significant variance in this metric over time. Analyzing trends and deviations in the number of days of payables can provide valuable insights into Carpenter Technology Corporation's liquidity management and relationships with suppliers.