Cabot Corporation (CBT)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 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 | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Cabot Corp. has been fluctuating over the past few quarters. In Q4 2023, the number of days of payables was 51.70 days, indicating that the company took around 51.70 days on average to pay its suppliers. This represents an improvement from Q1 2023 when the number of days of payables was 56.62 days.
However, it is notable that there is missing data for Q1, Q3, and Q2 in 2024, as well as for previous quarters in 2023 and 2022. It would be beneficial to have a complete set of data to track the trend more accurately and identify any potential patterns or anomalies in the company's payables management.
Overall, the decreasing trend in the number of days of payables from Q1 2023 to Q4 2023 suggests that Cabot Corp. may be managing its payables more efficiently, which could positively impact its cash flow and working capital management.
Peer comparison
Dec 31, 2023