Carpenter Technology Corporation (CRS)

Number of days of payables

		Jun 30, 2025	Mar 31, 2025	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
Payables turnover		7.89	8.40	8.30	7.99	8.22	8.01	7.23	7.20	7.96	7.17	6.30	6.22	6.97	7.65	8.97	7.02	10.36	10.70	14.59	14.88
Number of days of payables	days	46.29	43.44	43.96	45.70	44.40	45.58	50.46	50.67	45.87	50.89	57.97	58.65	52.39	47.69	40.70	52.03	35.25	34.12	25.01	24.53

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.89
= 46.29

The analysis of Carpenter Technology Corporation's accounts payable days over the period indicates notable fluctuations and trends. Starting from approximately 24.53 days as of September 30, 2020, the number of days of payables increased gradually, reaching a peak of 58.65 days by September 30, 2022. This trend reflects a progressive extension in payment terms or delays in settling payables during this period.

Following the peak in late 2022, there was a downturn, with the days of payables decreasing to around 45.87 days by June 30, 2023, and stabilizing near 50.67 days by September 30, 2023. Slight fluctuations continue, with the figure remaining within a range of approximately 43.44 to 50.67 days up to the most recent data point in September 2024.

Overall, the pattern demonstrates an initial period of relatively short payable durations, followed by a significant elongation through 2021 and into 2022, and subsequent stabilization at a higher levels, suggesting possible strategic shifts in payment practices or supply chain management. The variability across the periods reflects ongoing adjustments in the company's accounts payable policies or operational considerations.