Avnet Inc (AVT)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.27 | 6.92 | 6.22 | 7.20 | 8.88 | |
| Number of days of payables | days | 58.17 | 52.73 | 58.68 | 50.68 | 41.12 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.27
= 58.17
The number of days of payables for Avnet Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on June 30, 2024, the company had an average payment period for its payables of 58.17 days, which is higher compared to the previous year. This increase indicates that Avnet Inc took longer to pay its trade payables in the most recent year.
Looking at a longer timeframe, the number of days of payables has generally been increasing since the fiscal year ending on June 30, 2020, when it was at 41.12 days. This upward trend suggests a potential shift in Avnet Inc's payment practices towards taking more time to settle its payables.
It's important for investors and stakeholders to monitor the number of days of payables as it reflects the company's efficiency in managing its working capital and relationships with suppliers. A lengthening payment period could indicate liquidity challenges or potential strain on supplier relationships that may impact Avnet Inc's financial performance in the future.
Peer comparison
Jun 30, 2024