Crown Holdings (Crown Holdings) Days Payable : 94.99 (As of Dec. 2023)

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What is Crown Holdings Days Payable?

Crown Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $2,337 Mil. Crown Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,245 Mil. Hence, Crown Holdings's Days Payable for the three months ended in Dec. 2023 was 94.99.

The historical rank and industry rank for Crown Holdings's Days Payable or its related term are showing as below:

CCK' s Days Payable Range Over the Past 10 Years
Min: 88.5 Med: 102.5 Max: 129.57
Current: 92.88

During the past 13 years, Crown Holdings's highest Days Payable was 129.57. The lowest was 88.50. And the median was 102.50.

CCK's Days Payable is ranked better than
73.84% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs CCK: 92.88

Crown Holdings's Days Payable declined from Dec. 2022 (102.94) to Dec. 2023 (94.99). It may suggest that Crown Holdings accelerated paying its suppliers.

Crown Holdings Days Payable Historical Data

The historical data trend for Crown Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crown Holdings Days Payable Chart

Crown Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.57

118.72

101.91

97.29

100.03

Crown Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															102.94	97.38	87.03	85.35	94.99

Competitive Comparison of Crown Holdings's Days Payable

For the Packaging & Containers subindustry, Crown Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Crown Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Crown Holdings's Days Payable falls into.

Crown Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Crown Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2773	+	2459)	/	2 )	/	9546	*	365
=	2616					/	9546	*	365
=	100.03

Crown Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2215	+	2459)	/	2 )	/	2245	*	365 / 4
=	2337					/	2245	*	365 / 4
=	94.99

Crown Holdings Days Payable Related Terms

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Crown Holdings (Crown Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Crown Holdings Inc (NYSE:CCK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCK:Mexico CWN:Germany

Address

14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015

Website

https://www.crowncork.com

Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.

Executives

Timothy J Donahue	officer: Senior Vice President	C/O CROWN HOLDINGS, INC, 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Gerard H Gifford	officer: President - European Division	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Christy L. Kalaus	officer: VP & Corp Controller	770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
James H Miller	director	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Carlos Baila	officer: President - Asia Pacific Div.	770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Jesse Lynn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Matt Madeksza	officer: President - Transit Packaging	770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Angela M Snyder	director	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Djalma Jr Novaes	officer: President - Crown Americas Div	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Hock Huat Goh	officer: President - Asia Pacific Div.	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Marsha C Williams	director	EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
John W Conway	director	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
B Craig Owens	director	770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039