Sensient Technologies Corporation (SXT)
Number of days of payables
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.84 | 11.56 | 12.64 | 12.63 | 9.97 | 11.44 | 10.59 | 8.39 | 5.42 | 4.03 | 2.06 | 2.63 | 2.40 | 2.51 | 2.66 | 2.76 | 2.67 | 2.27 | 2.17 | 2.36 | |
| Number of days of payables | days | 37.10 | 31.59 | 28.88 | 28.90 | 36.62 | 31.90 | 34.46 | 43.53 | 67.41 | 90.52 | 176.78 | 138.62 | 152.37 | 145.50 | 137.14 | 132.19 | 136.71 | 160.65 | 167.88 | 154.62 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.84
= 37.10
The number of days of payables for Sensient Technologies Corporation shows fluctuations over the years, indicating changes in the company's payment practices. The data reveals that the number of days of payables has decreased steadily from 154.62 days on March 31, 2020, to 28.88 days on June 30, 2024.
This downward trend suggests that the company has been paying its suppliers more quickly over time, which can be a positive sign as it may indicate effective cash management and stronger supplier relationships. However, a drastic reduction in the number of days of payables could also signal potential liquidity issues or pressures to meet payment obligations promptly.
It is essential for stakeholders to monitor this metric closely, as significant changes in the number of days of payables can provide valuable insights into the company's financial health, operational efficiency, and liquidity management.
Peer comparison
Dec 31, 2024