Catalent Inc (CTLT)
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 | 3,457,000 | 3,428,000 | 3,351,000 | 3,363,000 | 3,272,000 | 3,223,000 | 3,208,000 | 3,201,000 | 3,251,000 | 3,188,000 | 3,112,000 | 2,949,000 | 2,750,000 | 2,646,000 | 4,656,400 | 4,491,200 | 4,367,400 | 4,257,400 | 1,967,200 | 1,864,200 |
| Payables | US$ in thousands | 375,000 | 361,000 | 377,000 | 407,000 | 367,000 | 424,000 | 394,000 | 367,000 | 379,000 | 421,000 | 401,000 | 363,000 | 363,000 | 385,000 | 365,700 | 356,900 | 329,400 | 321,000 | 276,200 | 243,400 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,457,000K ÷ $375,000K
= 9.22
The payables turnover ratio for Catalent Inc has exhibited fluctuations over the past few quarters. The ratio has ranged from a low of 6.87 in Jun 30, 2021, to a high of 13.26 in Dec 31, 2019 and Sep 30, 2020.
In the most recent quarter, Sep 30, 2024, the payables turnover ratio stood at 9.22, showing a slight decrease from the previous quarter's ratio of 9.50 in Jun 30, 2024. This suggests that Catalent Inc took approximately 9.22 days to pay off its accounts payable on average during the period, indicating a strong ability to manage its payables efficiently.
Overall, the payables turnover ratios have been relatively stable and consistently above 7.00, indicating that Catalent Inc has been effective in managing its payables and maintaining good relationships with its suppliers by paying its obligations in a timely manner. However, it is essential to monitor any significant fluctuations in this ratio to ensure the company's liquidity and financial health are being appropriately managed.
Peer comparison
Sep 30, 2024