Catalent Inc (CTLT)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.50 | 7.60 | 7.57 | 6.87 | 6.58 | |
| Number of days of payables | days | 38.44 | 48.02 | 48.20 | 53.11 | 55.50 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.50
= 38.44
The number of days of payables for Catalent Inc has shown a declining trend over the past five years. In particular, the number of days of payables decreased from 55.50 days in 2020 to 38.44 days in 2024. This indicates that the company has been able to manage its accounts payable more efficiently over this period.
A lower number of days of payables suggests that Catalent Inc is taking less time to pay its suppliers, potentially reflecting improved cash management practices or better negotiation terms with vendors. This could result in improved liquidity and working capital management for the company.
Overall, the decreasing trend in the number of days of payables for Catalent Inc indicates a positive development in terms of accounts payable management and financial efficiency.
Peer comparison
Jun 30, 2024