AeroVironment Inc (AVAV)
Number of days of payables
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.95 | 9.26 | 11.51 | 11.60 | 10.38 | 19.14 | 17.90 | 15.38 | 15.81 | 14.11 | 15.26 | 13.14 | 15.50 | 14.97 | 14.38 | 14.31 | 15.04 | 16.10 | 17.17 | 23.65 | |
| Number of days of payables | days | 52.51 | 39.40 | 31.72 | 31.48 | 35.17 | 19.07 | 20.40 | 23.73 | 23.09 | 25.86 | 23.92 | 27.78 | 23.54 | 24.38 | 25.39 | 25.50 | 24.27 | 22.67 | 21.26 | 15.43 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.95
= 52.51
The data indicates that AeroVironment Inc.'s number of days of payables has exhibited a general upward trend over the analyzed period, with occasional fluctuations. From January 2022 through July 2023, the days payable ranged between approximately 15.43 and 27.78 days, showing moderate variability and suggesting a relatively consistent approach to managing accounts payable within roughly the two-week to one-month timeframe.
Between July 2023 and October 2024, there was a noticeable increase, with days payable reaching as high as approximately 35.17 days in April 2024, indicating the company's tendency to extend its payables period. This stretch continued, with days payable reaching even higher levels—around 39.40 days in January 2025 and surpassing 52.50 days by April 2025. Such a substantial increase reflects an extended period of payment obligations, potentially highlighting deliberate credit management strategies to optimize cash flow or internal liquidity conditions.
Overall, the pattern suggests a significant elongation of the accounts payable cycle over time, culminating in the figures from early 2025, which show the company's willingness or necessity to delay payments considerably longer than in previous years. This shift could have implications for the company's liquidity and supplier relationships and warrants further analysis to understand the underlying operational or strategic reasons behind this trend.
Peer comparison
Apr 30, 2025