Cabot Corporation (CBT)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,034,000 | 3,092,000 | 3,436,000 | 2,610,000 | 2,114,000 |
| Payables | US$ in thousands | 495,000 | 438,000 | 533,000 | 480,000 | 316,000 |
| Payables turnover | 6.13 | 7.06 | 6.45 | 5.44 | 6.69 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,034,000K ÷ $495,000K
= 6.13
The payables turnover ratio of Cabot Corporation has shown fluctuations over the past five years. The ratio decreased from 6.69 in 2020 to 5.44 in 2021, indicating a decrease in the efficiency of managing payments to suppliers. However, there was an improvement in 2022 with the ratio increasing to 6.45 before reaching 7.06 in 2023, suggesting more efficient management of payables.
In the most recent year, the payables turnover ratio decreased slightly to 6.13, potentially indicating a slight slowdown in the rate at which the company is able to pay its suppliers. Overall, the trend in the payables turnover ratio over the past five years suggests variability in the efficiency of Cabot Corporation in managing its payables, with an overall improvement compared to the base year of 2020.
Peer comparison
Sep 30, 2024