Cabot Corporation (CBT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,034,000 | 3,013,000 | 2,998,000 | 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 |
| 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 (ttm) ÷ Payables
= $3,034,000K ÷ $495,000K
= 6.13
Cabot Corporation's payables turnover ratio has shown fluctuations over the past few quarters. As of September 30, 2024, the payables turnover ratio stood at 6.13, indicating that the company pays its suppliers approximately 6.13 times a year. This may imply that Cabot Corporation has a relatively efficient payables management process in place.
However, without data for the other quarters provided, it is challenging to discern a clear trend in the payables turnover ratio. It would be important to monitor future quarters to see if the ratio remains stable or experiences significant changes, which could provide insights into the company's liquidity and working capital management.
Peer comparison
Sep 30, 2024