Crane NXT Co (CXT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.57 | 17.67 | 23.55 | 11.45 | 25.61 | 10.72 | 9.96 | 9.69 | 7.52 | 8.32 | 7.87 | 7.68 | 9.03 | 8.36 | 8.57 | 8.19 | 6.76 | 8.17 | 7.82 | 8.21 | |
| Number of days of payables | days | 25.06 | 20.66 | 15.50 | 31.87 | 14.25 | 34.05 | 36.63 | 37.68 | 48.53 | 43.88 | 46.38 | 47.50 | 40.42 | 43.65 | 42.61 | 44.56 | 53.97 | 44.66 | 46.70 | 44.44 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.57
= 25.06
Crane NXT Co's number of days of payables has exhibited fluctuations over the past few quarters, ranging from as low as 14.25 days to as high as 53.97 days. The trend indicates a degree of variability in the company's payment practices towards its suppliers. In the most recent period ending on December 31, 2023, the number of days of payables stood at 25.06 days, suggesting that, on average, the company takes approximately 25 days to pay its suppliers.
A lower number of days of payables typically indicates that the company is paying its suppliers more quickly, which could signify strong cash management or good relationships with suppliers. Conversely, a higher number of days of payables may suggest strained liquidity or potentially inefficient payables management.
It would be important for stakeholders to closely monitor the trend in the number of days of payables over time to understand any shifts in the company's working capital management and supplier relationships.
Peer comparison
Dec 31, 2023