STERIS plc (STE)

Number of days of payables

		Mar 31, 2024	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		12.27	11.02	10.05	11.01	10.59	10.89	11.22	11.64	11.38	11.70	10.10	8.29	11.24	12.87	13.69	12.75	11.46	12.05
Number of days of payables	days	29.74	33.12	36.32	33.15	34.46	33.52	32.54	31.36	32.08	31.20	36.12	44.02	32.47	28.36	26.66	28.63	31.86	30.29

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.27
= 29.74

The number of days of payables for STERIS plc has shown some fluctuations over the past few quarters. It ranged between 26.66 days to 44.02 days during the period from June 30, 2019, to March 31, 2024. Overall, the company has been able to manage its payables quite efficiently, as the number of days of payables has mostly been within a reasonable range.

It is worth noting that there was a noticeable spike in the number of days of payables in the quarter ending December 31, 2022, where it reached 44.02 days. This could indicate a delay in settling payables during that particular period. However, the company managed to bring this number down significantly in the subsequent quarters.

Overall, the downward trend in the number of days of payables over the recent quarters suggests that STERIS plc has been managing its payables effectively and potentially improving its working capital management. This trend is a positive indicator of the company's financial health and efficiency in managing its financial obligations to suppliers.