Crane NXT Co (CXT)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.87 | 11.83 | 13.66 | 5.74 | 19.28 | 5.93 | 5.58 | 4.81 | 4.58 | 4.56 | 4.17 | 4.11 | 4.18 | 4.14 | 4.08 | 4.19 | 4.60 | 4.72 | 5.00 | 4.91 |
| Receivables turnover | 8.87 | 21.90 | 19.43 | 7.78 | 8.24 | 4.75 | 5.85 | 6.64 | 6.98 | 6.27 | 6.55 | 5.78 | 6.38 | 6.63 | 6.75 | 5.88 | 5.91 | 6.15 | 6.20 | 5.89 |
| 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 |
| Working capital turnover | 6.15 | 12.54 | 10.16 | 5.39 | — | 5.69 | 3.25 | 3.97 | 4.38 | 3.22 | 3.29 | 4.60 | 5.34 | 6.09 | 7.46 | 8.23 | 5.63 | 4.07 | 4.52 | 5.06 |
Crane NXT Co's inventory turnover has shown fluctuations over the reporting periods, ranging from a low of 4.08 to a high of 19.28. This indicates that the company generally takes between 4 to 19 times to sell and replace its inventory during the year. The trend seems to be improving over time.
In terms of receivables turnover, the company's performance has also varied significantly, with values ranging from 4.75 to 21.90. This ratio reflects how efficiently the company collects its receivables from customers. The increasing trend suggests that Crane NXT Co has been more effective in collecting payments from customers.
The payables turnover ratio for Crane NXT Co has shown fluctuations as well, with values ranging from 6.76 to 25.61. This ratio indicates how quickly the company pays its suppliers. The company seems to be paying its suppliers at varying rates over the reporting periods.
The working capital turnover ratio, on the other hand, shows a trend of improvement over time, with values increasing from 3.25 to 12.54. This ratio measures how effectively the company is using its working capital to generate sales. The increasing trend suggests that Crane NXT Co has been more efficient in generating sales relative to its working capital.
Overall, the analysis of Crane NXT Co's activity ratios indicates varying levels of efficiency in managing its inventory, receivables, payables, and working capital.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 36.96 | 30.85 | 26.72 | 63.57 | 18.93 | 61.53 | 65.45 | 75.92 | 79.64 | 80.07 | 87.50 | 88.85 | 87.32 | 88.15 | 89.42 | 87.18 | 79.33 | 77.41 | 73.07 | 74.40 |
| Days of sales outstanding (DSO) | days | 41.17 | 16.67 | 18.78 | 46.93 | 44.27 | 76.90 | 62.37 | 54.99 | 52.26 | 58.25 | 55.70 | 63.15 | 57.20 | 55.03 | 54.10 | 62.03 | 61.71 | 59.35 | 58.86 | 62.00 |
| 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 |
Crane NXT Co's activity ratios provide insights into how efficiently the company manages its inventory, collects its receivables, and pays its suppliers.
1. Days of Inventory on Hand (DOH): This ratio measures how many days, on average, inventory remains in the warehouse before being sold. The trend shows a decrease in inventory days over time, indicating improved inventory management efficiency, except for the significant increase in March 2023. The company seems to be selling products faster and possibly adjusting its inventory levels more effectively.
2. Days of Sales Outstanding (DSO): DSO reveals the average number of days it takes for the company to collect its accounts receivable. A lower DSO is generally favorable as it implies faster cash inflows. Crane NXT Co has seen fluctuations in DSO, with lower figures indicating better receivables management, except for spikes in September 2022 and March 2023. These spikes may suggest delays in collecting payments from customers during those periods.
3. Number of Days of Payables: This ratio reflects how long the company takes to pay its suppliers. A longer period indicates better cash flow management as the company retains cash for a longer time. There is a consistent trend of increasing payable days, except for a slight decrease in April 2022. The company appears to be taking longer to pay its suppliers over time, potentially benefiting from better cash flow and negotiating favorable payment terms.
Overall, the trends in Crane NXT Co's activity ratios suggest improvements in inventory management efficiency and cash flow optimization, albeit with fluctuations in receivables collection periods. It indicates that the company is focusing on managing its working capital effectively to enhance operational performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 7.29 | 16.03 | 15.53 | 7.65 | 14.96 | 4.68 | 5.58 | 6.57 | 5.94 | 6.11 | 5.58 | 4.86 | 4.81 | 4.89 | 5.02 | 5.27 | 5.33 | 5.65 | 5.66 | 5.67 |
| Total asset turnover | 0.89 | 1.87 | 1.78 | 0.90 | 1.84 | 0.56 | 0.64 | 0.78 | 0.74 | 0.72 | 0.68 | 0.61 | 0.60 | 0.63 | 0.65 | 0.72 | 0.74 | 0.79 | 0.81 | 0.82 |
Crane NXT Co's fixed asset turnover ratio has been fluctuating over the past few quarters, but overall, it has shown an increasing trend. The company's ability to generate sales from its fixed assets improved significantly in the recent quarters, with a notable peak in the September 2023 period. This indicates that Crane NXT Co is efficiently utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio shows a similar pattern of fluctuations but has also been on an upward trajectory. This suggests that the company's efficiency in generating sales from all its assets, including both fixed and current, has been improving steadily.
Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios indicates that Crane NXT Co has been working towards optimizing its asset utilization and improving its operational efficiency over the analyzed periods. This bodes well for the company's financial performance and sustainability in the long term.