Avient Corp (AVNT)

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		7.06	8.19	7.54	8.11	8.83	9.63	7.37	7.22	10.50	7.72	7.07	6.61	6.60	5.36	7.30	6.60	8.16	8.06	6.24	6.11
Number of days of payables	days	51.70	44.56	48.38	44.99	41.33	37.89	49.54	50.58	34.76	47.26	51.61	55.26	55.28	68.11	50.01	55.28	44.71	45.28	58.52	59.75

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 shown some fluctuation over the past eight quarters. In Q3 2022, the company had the lowest number of days of payables at 45.81 days, indicating a relatively efficient management of its payables. This was followed by an upward trend, reaching its peak in Q2 2023 at 92.19 days, signifying a longer period the company takes to pay its suppliers.

However, it is important to note that in Q4 2023, the number of days of payables decreased to 70.12 days compared to the previous quarter. This might suggest that the company has become more efficient in managing its payables and settling its outstanding obligations more promptly.

Overall, the trend in Avient Corp's number of days of payables indicates fluctuations over time, suggesting potential changes in the company's payment practices and its relationships with suppliers. Further analysis and comparison with industry benchmarks can provide a more comprehensive understanding of the company's payables management.