Avanos Medical Inc (AVNS)

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		11.47	13.74	11.25	12.53	10.99	11.77	11.45	11.69	12.90	14.04	11.79	12.48	11.02	9.22	9.20	9.69	8.61	9.30	7.14	4.62
Number of days of payables	days	31.83	26.56	32.46	29.14	33.21	31.01	31.86	31.23	28.29	25.99	30.96	29.26	33.13	39.58	39.68	37.67	42.40	39.27	51.12	79.01

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.47
= 31.83

To analyze Avanos Medical Inc's number of days of payables, we can see a fluctuating trend over the past eight quarters. The number of days of payables ranged from a low of 56.88 days in Q3 2023 to a high of 69.99 days in Q4 2023.

The company's ability to manage its payables effectively is crucial as it indicates the time taken to pay its suppliers. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which may strain its cash flow. Conversely, a higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially improving its liquidity position.

Overall, Avanos Medical Inc's number of days of payables has shown variability in the short term. Further analysis and comparison with industry benchmarks would provide a more in-depth understanding of the company's payables management efficiency.