Cricut (Cricut) Days Payable : 53.33 (As of Dec. 2023)

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What is Cricut Days Payable?

Cricut's average Accounts Payable for the three months ended in Dec. 2023 was $78.4 Mil. Cricut's Cost of Goods Sold for the three months ended in Dec. 2023 was $134.2 Mil. Hence, Cricut's Days Payable for the three months ended in Dec. 2023 was 53.33.

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

CRCT' s Days Payable Range Over the Past 10 Years
Min: 56.36 Med: 96.28 Max: 131.31
Current: 56.36

During the past 6 years, Cricut's highest Days Payable was 131.31. The lowest was 56.36. And the median was 96.28.

CRCT's Days Payable is ranked worse than
61.39% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs CRCT: 56.36

Cricut's Days Payable increased from Dec. 2022 (31.13) to Dec. 2023 (53.33). It may suggest that Cricut delayed paying its suppliers.

Cricut Days Payable Historical Data

The historical data trend for Cricut'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.

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Cricut Days Payable Chart

Cricut Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.43

101.20

98.13

91.15

60.59

Cricut Quarterly Data
	Dec18	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														31.13	44.35	53.48	72.23	53.33

Competitive Comparison of Cricut's Days Payable

For the Computer Hardware subindustry, Cricut'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.

Cricut's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cricut's Days Payable distribution charts can be found below:

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

Cricut 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.

Cricut'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
=	( (63.195	+	76.86)	/	2 )	/	421.854	*	365
=	70.0275					/	421.854	*	365
=	60.59

Cricut'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
=	( (80.011	+	76.86)	/	2 )	/	134.208	*	365 / 4
=	78.4355					/	134.208	*	365 / 4
=	53.33

Cricut Days Payable Related Terms

Thank you for viewing the detailed overview of Cricut's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cricut (Cricut) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cricut Inc (NAS:CRCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

398:Germany

Address

10855 South River Front Parkway, South Jordan, UT, USA, 84095

Website

https://www.cricut.com

Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.

Executives

Abdiel Qualified Master Fund Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Jason Makler	director	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Donald B. Olsen	officer: EVP, General Counsel & Sec.	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Ryan Harmer	officer: Principal Accounting Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Arora Ashish	director, 10 percent owner, officer: Chief Executive Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Kimball C Shill	officer: Chief Financial Officer	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Gregory Rowberry	officer: EVP, Sales	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Len Blackwell	director	10855 SOUTH RIVER FRONT PARKWAY, SOUTH JORDAN UT 84095
Abdiel Capital Management, Llc	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Moran Colin T.	10 percent owner	410 PARK AVE, SUITE 930, NEW YORK NY 10022
Abdiel Capital Advisors, Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Lp	10 percent owner	C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Martin F Petersen	officer: Chief Financial Officer	5152 NORTH EDGEWOOD DRIVE, SUITE 375, PROVO UT 84604
Petrus Trust Company, Lta	10 percent owner	3000 TURTLE CREEK BLVD., DALLAS TX 75219
L.p. Hwgaa,	10 percent owner	3000 TURTLE CREEK BLVD, DALLAS TX 75219