Avnet Inc (AVT)
Number of days of payables
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
---|---|---|---|---|---|---|
Payables turnover | 5.68 | 6.27 | 6.92 | 6.22 | 7.20 | |
Number of days of payables | days | 64.24 | 58.17 | 52.73 | 58.68 | 50.68 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.68
= 64.24
The data indicates that Avnet Inc’s number of days of payables has experienced fluctuation over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company’s payable days were approximately 50.68 days, reflecting the period it takes to settle its accounts payable obligations. This figure increased notably by June 30, 2022, reaching approximately 58.68 days, representing an extension of about 8 days in the payable cycle.
Subsequently, the payable days decreased slightly to approximately 52.73 days by June 30, 2023, indicating a partial reduction in the payable period. However, this trend did not sustain, as the number of days of payables again increased to approximately 58.17 days by June 30, 2024. The upward trajectory continued, culminating in about 64.24 days by June 30, 2025, which signifies that the company has taken longer to settle its accounts payable obligations over this period.
Overall, the trend demonstrates an increase in the average receivable period, peaking at over 64 days in 2025. This suggests a strategic or operational shift towards longer credit terms with suppliers or potentially a change in payment policies. The increased days of payables, especially in the later years, might reflect practices aimed at improving cash flow, but it also warrants attention regarding the company’s liquidity position and relationships with its creditors.
Peer comparison
Jun 30, 2025