Catalent Inc (CTLT)

Number of days of payables

		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	Sep 30, 2019
Payables turnover		9.50	8.89	8.26	8.92	7.60	8.14	8.72	8.58	7.57	7.76	8.12	7.58	6.87	12.73	12.58	13.26	13.26	7.12	7.66	8.40
Number of days of payables	days	38.44	41.06	44.17	40.94	48.02	44.83	41.85	42.55	48.20	47.03	44.93	48.18	53.11	28.67	29.01	27.53	27.52	51.25	47.66	43.48

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 some fluctuation over the periods examined. A lower number of days of payables implies that the company takes less time to pay its suppliers, which can indicate strong liquidity or efficient working capital management.

Looking at the trend, we observe that the number of days of payables ranged between 27.52 days and 53.11 days over the past few quarters. Specifically, there was a notable decrease in the number of days of payables in the most recent quarter, indicating that the company may be managing its payables more effectively.

It is essential to consider the number of days of payables in conjunction with other financial ratios and metrics to gain a comprehensive understanding of Catalent Inc's financial performance and efficiency in managing its working capital.