Crane NXT Co (CXT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.71 | 26.32 | 7.92 | 9.91 | 6.09 | |
| Number of days of payables | days | 34.09 | 13.87 | 46.10 | 36.82 | 59.91 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.71
= 34.09
The number of days of payables for Crane NXT Co has fluctuated over the past five years. On December 31, 2023, the company took an average of 34.09 days to pay its suppliers, which represents an increase from the previous year when it took 13.87 days. In 2021, there was a significant increase to 46.10 days, followed by a decrease to 36.82 days in 2020. The highest number of days of payables was recorded in 2019 at 59.91 days. This indicates that the company's payment terms and efficiency in managing its payables have varied over the years, and further analysis is needed to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023