Cabot Corporation (CBT)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.06 | 6.45 | 5.44 | 6.69 | 6.80 | |
| Number of days of payables | days | 51.70 | 56.62 | 67.13 | 54.56 | 53.68 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.06
= 51.70
The number of days of payables for Cabot Corp. has been fluctuating over the past five years. In 2023, the number of days of payables decreased to 51.70 days from 56.62 days in 2022. This suggests that the company took fewer days to pay its suppliers and vendors in 2023 compared to the previous year.
In 2021, the number of days of payables was relatively high at 67.13 days, indicating that the company took a longer time to pay its payables compared to the other years. However, in 2020 and 2019, the number of days of payables decreased to 54.56 days and 53.68 days respectively.
The trend in the number of days of payables indicates that Cabot Corp. has been managing its payables more efficiently in recent years, with a decrease in the number of days taken to pay its suppliers. This may suggest improved working capital management or better negotiating power with suppliers. Further analysis of the company's financial position and cash flow management would provide additional insights into its payables management.
Peer comparison
Sep 30, 2023