West Pharmaceutical Services Inc (WST)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.01 | 8.13 | 7.13 | 6.47 | 7.87 | |
| Number of days of payables | days | 40.50 | 44.91 | 51.19 | 56.40 | 46.37 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.01
= 40.50
The number of days of payables for West Pharmaceutical Services, Inc. have shown variations over the past five years. In 2023, the company took an average of 48.60 days to pay its suppliers, which was higher than the previous year (44.91 days in 2022) but lower compared to 2020 and 2019. The increase in days of payables from 2022 to 2023 may suggest that the company is taking longer to settle its outstanding supplier invoices. However, it is important to consider the industry norms and the company's specific circumstances when evaluating the efficiency of its payables management.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
West Pharmaceutical Services Inc
WST
40.50
Carlisle Companies Incorporated
CSL
30.35