Crane NXT Co (CXT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 821,700 | 794,500 | 749,700 | 724,000 | 1,044,100 | 1,340,400 | 1,638,600 | 1,637,400 | 1,682,300 | 1,721,400 | 1,792,100 | 2,086,100 | 2,073,500 | 2,002,900 | 1,889,900 | 1,837,900 | 1,796,200 | 1,888,100 | 1,939,200 | 2,049,400 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 198,900 | 225,800 | 226,400 | 250,200 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9.03 | 8.36 | 8.57 | 8.19 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $821,700K ÷ $—K
= —
The payables turnover ratio reflects how efficiently Crane NXT Co is managing its trade payables by measuring how many times the company pays off its suppliers within a given period.
From the data provided, Crane NXT Co's payables turnover ratio has shown a fluctuating trend over time. In March 31, 2020, the payables turnover ratio was 8.19, indicating that the company was paying off its trade payables approximately 8 times during that period. This ratio increased to 9.03 by December 31, 2020, suggesting a more efficient management of payables during that period.
However, the subsequent data points are marked as "—" indicating missing data. Without additional data points, it is challenging to assess whether the trend in payables turnover continued to improve or if there were fluctuations in the efficiency of trade payables management.
To obtain a more comprehensive analysis and insight into the company's payables turnover, a complete dataset is required to identify trends and assess the overall efficiency of Crane NXT Co in managing its trade payables over time.
Peer comparison
Dec 31, 2024