Avanos Medical Inc (AVNS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		12.10	10.98	12.90	11.03	8.61
Number of days of payables	days	30.17	33.25	28.29	33.11	42.40

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.10
= 30.17

The number of days of payables for Avanos Medical Inc has fluctuated over the past five years. In 2023, the company took approximately 69.99 days to pay its trade payables, which is a slight increase compared to 2022 when it took 66.98 days. This indicates that the company's payment cycle lengthened slightly in 2023.

Compared to 2021, where the number of days of payables was 54.13 days, the company took longer to pay its creditors in both 2022 and 2023. This suggests that Avanos Medical Inc may have faced some challenges managing its working capital effectively in the past two years.

In 2020 and 2019, the company had even longer payment cycles, with 72.25 days and 102.56 days of payables, respectively. This could indicate that the company previously had inefficient payment processes or encountered cash flow difficulties that prolonged its payment cycles.

Overall, the trend in Avanos Medical Inc's number of days of payables shows some variability, with fluctuations in the length of time taken to settle trade payables over the past five years. Further analysis and consideration of the company's overall financial and operational performance would be necessary to fully understand the implications of these changes in payment cycles.