Crane NXT Co (CXT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,551,300 | 1,963,000 | 2,373,700 | 2,830,000 | 2,807,000 | 2,584,400 | 2,469,900 | 2,265,900 | 2,058,400 | 2,032,100 | 1,906,000 | 1,794,900 | 1,796,200 | 1,888,100 | 1,939,200 | 2,049,400 | 2,104,100 | 2,100,600 | 2,151,000 | 2,161,600 |
| Payables | US$ in thousands | 106,500 | 111,100 | 100,800 | 247,100 | 109,600 | 241,100 | 247,900 | 233,900 | 273,700 | 244,300 | 242,200 | 233,600 | 198,900 | 225,800 | 226,400 | 250,200 | 311,100 | 257,000 | 275,200 | 263,200 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,551,300K ÷ $106,500K
= 14.57
Crane NXT Co's payables turnover has fluctuated over the past few years, ranging from a low of 6.76 to a high of 25.61. Payables turnover measures how efficiently a company is managing its outstanding supplier obligations. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, which could be viewed positively as it may signify good relationships with vendors and the ability to negotiate favorable payment terms.
In the most recent period, the payables turnover ratio was 14.57, which indicates that Crane NXT Co paid its suppliers approximately 14.57 times during the year. This implies that, on average, it took around 25 days for the company to pay its suppliers, suggesting a relatively efficient management of accounts payable.
Overall, the trend in payables turnover for Crane NXT Co appears to show variability, with some periods exhibiting higher turnover ratios than others. It would be important for analysts to consider reasons behind these fluctuations, such as changes in purchasing patterns, negotiation of payment terms, or supplier relationships, in order to gain a deeper understanding of the company's financial management practices.
Peer comparison
Dec 31, 2023