Avnet Inc (AVT)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.27 | 6.56 | 6.81 | 6.66 | 6.92 | 7.40 | 7.46 | 6.46 | 6.22 | 6.85 | 7.06 | 7.30 | 7.20 | 8.19 | 8.18 | 7.83 | 8.88 | 9.21 | 9.02 | 8.23 | |
| Number of days of payables | days | 58.17 | 55.64 | 53.60 | 54.78 | 52.73 | 49.33 | 48.91 | 56.48 | 58.68 | 53.29 | 51.73 | 50.01 | 50.68 | 44.56 | 44.60 | 46.64 | 41.12 | 39.62 | 40.47 | 44.36 |
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 variability over the past few quarters. On average, the company takes around 50 to 55 days to pay its suppliers. In the most recent quarter, as of June 30, 2024, Avnet Inc took approximately 58.17 days to pay its payables, which is slightly higher compared to the previous quarter. This may indicate a slight delay in settling its outstanding obligations to suppliers. However, it's important to note that this ratio can be influenced by various factors such as changes in payment terms, business seasonality, and management strategies. It is crucial for the company to monitor its payables turnover to ensure optimal cash flow management and maintain healthy relationships with suppliers.
Peer comparison
Jun 30, 2024