STERIS plc (STE)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		11.60	10.59	11.38	11.24	11.46
Number of days of payables	days	31.46	34.46	32.08	32.47	31.86

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.60
= 31.46

The number of days of payables for STERIS plc has fluctuated over the past five years, ranging from 31.46 days to 34.46 days. The trend indicates some variability in the company's ability to pay its suppliers. In general, a higher number of days of payables suggests that the company is taking longer to settle its trade payables, potentially indicating a cash flow management strategy or supplier negotiation tactics. A lower number of days of payables, on the other hand, may indicate a more efficient payment system or stronger supplier relationships. It is important for investors and analysts to monitor changes in this ratio over time to assess the company's liquidity and working capital management.