Catalent Inc (CTLT)

Number of days of payables

		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
Payables turnover		9.22	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
Number of days of payables	days	39.59	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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.22
= 39.59

The number of days of payables for Catalent Inc has fluctuated over time, ranging from a low of 27.53 days to a high of 53.11 days. In recent periods, the company appears to have been able to manage its payables more efficiently, as indicated by the lower number of days of payables. This suggests that Catalent Inc has been able to negotiate favorable payment terms with its suppliers or improve its working capital management.

It is important to note that a lower number of days of payables can indicate that the company is paying its suppliers more quickly, which could potentially strain its cash flow. On the other hand, a higher number of days of payables may indicate that the company is taking advantage of extended payment terms, which can be beneficial for cash flow management.

Overall, monitoring the number of days of payables can provide insights into a company's liquidity position, cash flow management, and relationships with suppliers. It is important for investors and analysts to assess this metric in conjunction with other financial ratios and performance indicators to gain a comprehensive understanding of Catalent Inc's financial health.