Avient Corp (AVNT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.06 | 7.16 | 10.50 | 6.60 | 9.51 | |
| Number of days of payables | days | 51.70 | 50.95 | 34.76 | 55.27 | 38.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.06
= 51.70
The number of days of payables for Avient Corp has exhibited fluctuations over the past five years. In 2023, the company took an average of 70.12 days to pay its suppliers, indicating a slight increase from the previous year. This could suggest a potential delay in settling payables compared to the prior period.
In 2022, the number of days of payables was 65.97 days, showing a moderate increase compared to 2021. This indicates that Avient Corp took slightly longer to pay its suppliers in 2022.
The year 2021 saw a significant decrease in the number of days of payables to 54.36 days, demonstrating a notable improvement in the efficiency of paying suppliers compared to the preceding year.
Back in 2020, the company took approximately 70.05 days to settle its payables, showing a similar timeframe as in 2019. This suggests that Avient Corp maintained a consistent payment period during these two years.
In 2019, the number of days of payables was 47.61 days, indicating a relatively efficient and prompt payment cycle, which experienced an increase in the subsequent years.
Overall, the trend in the number of days of payables for Avient Corp reflects varying payment practices over the years, with fluctuations possibly influenced by changes in the company's operations, supplier relationships, and financial management strategies.
Peer comparison
Dec 31, 2023