STERIS plc (STE)
Number of days of payables
Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|
Payables turnover | 10.89 | 11.53 | 9.14 | 11.38 | 11.24 | |
Number of days of payables | days | 33.53 | 31.66 | 39.94 | 32.08 | 32.47 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.89
= 33.53
The number of days of payables for STERIS plc has exhibited some fluctuations over the past few years. As of March 31, 2021, the company took approximately 32.47 days to pay its outstanding payables, which decreased slightly to 32.08 days by March 31, 2022. However, there was a noticeable increase in the number of days of payables to 39.94 days by March 31, 2023, indicating a potential extension in payment terms or delays in settling obligations.
Subsequently, STERIS plc managed to reduce its payables turnover period to 31.66 days by March 31, 2024. This decline may suggest more efficient cash management practices or stricter payment policies. Notably, as of March 31, 2025, the data is marked as "— days," which could indicate missing or incomplete information for that period.
Overall, while the company has demonstrated some variability in its number of days of payables, it is essential to evaluate the trend over multiple periods to understand changes in the company's payment practices and potential implications for its liquidity and relationships with suppliers.
Peer comparison
Mar 31, 2025