Sotera Health Co (SHC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Payables turnover | 6.65 | 6.02 | 5.67 | |
| Number of days of payables | days | 54.92 | 60.58 | 64.43 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.65
= 54.92
Sotera Health Co's number of days of payables has shown a fluctuating trend over the past five years. As of December 31, 2023, the company took approximately 54.92 days to pay its suppliers, showing an improvement compared to the previous year. This suggests that the company is managing its payables more efficiently.
In comparison to 2022 and 2021, where the number of days of payables was higher at 60.58 days and 64.43 days respectively, the decrease in 2023 reflects a positive trend in managing its accounts payable.
However, it is worth noting that the number of days of payables in 2020 and 2019 was lower at 51.06 days and 40.04 days respectively, indicating that the company took fewer days to settle its payables in those years.
Overall, the decreasing trend in the number of days of payables from 2021 to 2023 is a positive sign of improved efficiency in managing the company's accounts payable, although it is still higher compared to the levels seen in 2020 and 2019.
Peer comparison
Dec 31, 2023