Cabot Corporation (CBT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,048,000 | 3,092,000 | 3,244,000 | 3,413,000 | 3,450,000 | 3,436,000 | 3,270,000 | 3,059,000 | 2,827,000 | 2,610,000 | 2,406,000 | 2,152,000 | 2,081,000 | 2,114,000 | 2,248,000 | 2,474,000 | 2,583,000 | 2,652,000 | 2,635,000 | 2,617,000 |
| Payables | US$ in thousands | — | 438,000 | — | — | — | 533,000 | — | — | — | 480,000 | — | — | — | 316,000 | — | — | — | 390,000 | — | — |
| Payables turnover | — | 7.06 | — | — | — | 6.45 | — | — | — | 5.44 | — | — | — | 6.69 | — | — | — | 6.80 | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,048,000K ÷ $—K
= —
Based on the provided data, Cabot Corp.'s payables turnover for Q4 2023 was 7.06, while for Q2 2022 it was 6.45. Payables turnover measures how efficiently a company is able to manage its accounts payable by comparing the cost of goods sold to average accounts payable for a specific period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be beneficial for maintaining good relationships with vendors and potentially negotiating better terms. However, it is important to note that a very high payables turnover ratio could also indicate that the company is delaying payments to suppliers excessively, which may negatively impact supplier relationships in the long term. The lack of data for other quarters hinders a comprehensive trend analysis, but monitoring payables turnover over time can provide valuable insights into Cabot Corp.'s liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023