Embecta Corp (EMBC)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022
Payables turnover		5.72	5.72	6.57
Number of days of payables	days	63.78	63.83	55.55

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.72
= 63.78

Embecta Corp's number of days of payables has remained relatively stable over the past three years. In particular, the company's number of days of payables was 63.78 days as of Sep 30, 2024, compared to 63.83 days in the previous year and 55.55 days in Sep 30, 2022. This indicates that Embecta Corp takes approximately 64 days on average to pay its suppliers. The consistent level of around 64 days suggests that the company has a typical payment cycle and maintains a steady relationship with its suppliers. However, further analysis and comparison with industry benchmarks may provide additional insights into the efficiency of Embecta Corp's payables management.