Cabot Corporation (CBT)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.13 | 7.06 | 6.45 | 5.44 | 6.69 | |
| Number of days of payables | days | 59.55 | 51.70 | 56.62 | 67.13 | 54.56 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.13
= 59.55
The number of days of payables for Cabot Corporation has exhibited fluctuations over the past five years. In the most recent financial year ending September 30, 2024, the company took an average of 59.55 days to pay its suppliers, representing an increase from the previous year's figure of 51.70 days. This indicates that Cabot Corporation is taking slightly longer to settle its outstanding payables compared to the prior year.
Looking further back, in September 2022, the number of days of payables was 56.62 days, showing a decrease from the figure reported in 2021 at 67.13 days. In September 2020, the number of days of payables stood at 54.56 days.
Overall, the trend in the number of days of payables for Cabot Corporation shows fluctuations over the years, with some years demonstrating an increase and others a decrease in the time taken to pay off its suppliers. It is essential to consider this metric in conjunction with other financial indicators to gain a comprehensive understanding of Cabot Corporation's liquidity management and supplier relationships.
Peer comparison
Sep 30, 2024