Avantor Inc (AVTR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.35 | 6.48 | 6.47 | 6.35 | 7.35 | |
| Number of days of payables | days | 49.63 | 56.37 | 56.44 | 57.45 | 49.63 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.35
= 49.63
The number of days of payables for Avantor Inc has shown some variability over the past five years. In 2023, the number of days of payables decreased to 49.63 days from 56.37 days in 2022. This suggests that the company took fewer days to pay its suppliers in 2023 compared to the previous year. Similarly, in 2020 and 2021, the number of days of payables remained around the same level, at 56.44 days and 57.45 days, respectively. However, in 2019, the number of days of payables dropped back to 49.63 days, which is the same level observed in 2023.
Overall, the trend in Avantor Inc's number of days of payables indicates that the company has been managing its accounts payable efficiently in recent years, with fluctuations observed but generally maintaining a range between 49 to 57 days. This metric reflects the company's payment practices and relationship with its suppliers, with lower numbers indicating quicker payments and potentially stronger bargaining power.
Peer comparison
Dec 31, 2023