Cabot Corporation (CBT)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 shown variability in the recent periods. As of September 30, 2024, the number of days of payables was 59.55 days, indicating that on average, the company takes approximately 59.55 days to pay off its trade payables.
Comparing this to previous periods, there has been a fluctuation in the number of days of payables, with values ranging from 51.70 days to 67.13 days over the last few quarters. This could imply changes in the company's payment terms with suppliers or variations in the efficiency of managing its accounts payable.
It is essential for investors and analysts to monitor this metric over time to assess the company's liquidity position, efficiency in managing working capital, and relationships with suppliers. A decreasing trend in days of payables may signal improved cash management, while a significant increase could indicate potential cash flow challenges or strained supplier relationships.
Peer comparison
Sep 30, 2024