Sotera Health Co (SHC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.65 | 7.91 | 8.05 | 7.23 | 6.02 | 7.31 | 6.62 | 7.68 | 5.67 | ||||
| Number of days of payables | days | 54.92 | 46.15 | 45.35 | 50.48 | 60.58 | 49.91 | 55.15 | 47.55 | 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 fluctuation over the past eight quarters. In Q4 2023, the company had 54.92 days of payables, which increased from the previous quarter but was lower compared to Q4 2022. This indicates that the company took longer to pay its suppliers in Q4 2023.
Overall, Sotera Health Co's number of days of payables ranged from 45.35 days to 60.58 days over the past two years, with no clear trend observed. It is essential for the company to effectively manage its payables to maintain good relationships with suppliers while optimizing its working capital position. Further analysis of the underlying factors affecting the payment cycle may provide insights into the company's cash flow management practices.
Peer comparison
Dec 31, 2023