Crane NXT Co (CXT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9.03 | 8.36 | 8.57 | 8.19 | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 40.42 | 43.65 | 42.61 | 44.56 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Crane NXT Co have shown a decreasing trend from March 31, 2020, to December 31, 2020, indicating the company took slightly fewer days to pay its creditors during this period. The data points are as follows: 44.56 days on March 31, 2020, 42.61 days on June 30, 2020, 43.65 days on September 30, 2020, and 40.42 days on December 31, 2020.
However, starting from March 31, 2021, no specific data is available for the number of days of payables, implying that either the company changed its reporting method or the information is not disclosed from this point onwards.
It's important to note that the number of days of payables is a key liquidity ratio that provides insights into how many days, on average, it takes for a company to pay off its trade payables. A decrease in the number of days of payables generally indicates that the company is managing its payables more efficiently, potentially improving its cash flow position.
Peer comparison
Dec 31, 2024