STERIS plc (STE)

Number of days of payables

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Payables turnover 10.63 12.53 12.61 12.78 11.78 10.82 10.05 11.01 10.01 10.89 11.22 11.64 11.38 11.70 10.10 8.29 11.25 12.88 13.70 12.76
Number of days of payables days 34.33 29.13 28.95 28.55 30.97 33.73 36.32 33.15 36.47 33.52 32.54 31.36 32.08 31.20 36.12 44.02 32.43 28.35 26.65 28.61

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.63
= 34.33

The number of days of payables for STERIS plc has shown some fluctuations over the reported periods, ranging from a low of 26.65 days as of September 30, 2020, to a high of 44.02 days as of June 30, 2021. Generally, the company took around a month to slightly over a month to pay its suppliers during the period covered by the data.

After peaking at 44.02 days in June 2021, the number of days of payables decreased and stabilized around the 30-day mark towards the end of the reporting period, with the latest reported figure being 34.33 days as of March 31, 2025. This trend suggests that the company has managed to bring its payables back under control after the peak observed in mid-2021.

Overall, the consistency in paying suppliers within approximately one month indicates efficient management of payables by STERIS plc, with the company maintaining a balanced approach between meeting its obligations promptly and optimizing its working capital management.