West Pharmaceutical Services Inc (WST)
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 | 8.65 | 9.13 | 9.12 | 8.42 | 9.09 | 10.78 | 9.15 | 7.99 | 8.38 | 8.94 | 8.69 | 8.29 | 7.60 | 8.27 | 8.40 | 7.99 | 7.87 | 8.30 | 7.85 | 8.62 | |
| Number of days of payables | days | 42.20 | 39.99 | 40.00 | 43.34 | 40.14 | 33.84 | 39.90 | 45.71 | 43.57 | 40.83 | 42.01 | 44.03 | 48.03 | 44.16 | 43.45 | 45.67 | 46.37 | 43.97 | 46.50 | 42.33 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.65
= 42.20
West Pharmaceutical Services, Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. The number of days of payables has ranged from a low of 39.76 days in Q3 2022 to a high of 53.53 days in Q1 2022. In the most recent quarter (Q4 2023), the number of days of payables was 48.60 days, which is higher than the previous quarter (Q3 2023) at 44.24 days. This indicates that the company took longer to pay its suppliers compared to the previous quarter. Overall, a higher number of days of payables may suggest that the company is taking longer to settle its outstanding payables, which could potentially impact its liquidity position and relationships with suppliers.
Peer comparison
Dec 31, 2023