Sensient Technologies Corporation (SXT)

Number of days of payables

		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	Mar 31, 2019
Payables turnover		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	2.16	2.48	2.39	2.43
Number of days of payables	days	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	169.09	147.14	152.58	150.15

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.97
= 36.62

To analyze Sensient Technologies Corp.'s number of days of payables, we calculated the average number of days payable outstanding over the past 8 quarters. The average number of days of payables for Sensient Technologies Corp. is approximately 47.48 days. This indicates that, on average, the company takes around 47.48 days to pay its suppliers and vendors after the receipt of goods or services.

Furthermore, by examining the trend in the number of days of payables over the quarters, we observe some fluctuations. In the most recent quarter, Q4 2023, the number of days payable outstanding was 48.04 days, slightly higher than the average. This suggests that the company may be taking slightly longer to pay its payables in this quarter compared to the average.

Overall, monitoring the number of days of payables can provide insights into Sensient Technologies Corp.'s liquidity management and payment practices. Fluctuations in this ratio can indicate changes in the company's working capital efficiency and vendor relationships.