AeroVironment Inc (AVAV)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.70 | 22.74 | 22.21 | 12.25 | 13.92 | |
| Number of days of payables | days | 31.19 | 16.05 | 16.43 | 29.80 | 26.21 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.70
= 31.19
The number of days of payables for AeroVironment Inc has shown fluctuation over the past five years. In 2024, the company takes approximately 31.19 days to pay its suppliers, a significant increase from the previous year's 16.05 days in 2023. This suggests a lengthening of the time it takes for the company to settle its payables.
Comparing the latest figure to earlier years, we observe a mixed trend. In 2022 and 2021, AeroVironment Inc had similar levels of payables days at around 16.43 days and 16.05 days, respectively. In 2020, the number of days stood at 26.21 days, indicating a shorter payment cycle compared to the most recent figure in 2024.
Overall, the increase in the number of days of payables in 2024 may indicate a change in the company's payment policies or supplier relationships, which could have implications for its working capital management and cash flow. Further analysis and comparison with industry benchmarks would provide additional insights into the efficiency of AeroVironment Inc's payables management.
Peer comparison
Apr 30, 2024