Avantor Inc (AVTR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.80 | 7.35 | 6.48 | 6.47 | 6.35 | |
| Number of days of payables | days | 53.71 | 49.63 | 56.37 | 56.44 | 57.45 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.80
= 53.71
The number of days of payables for Avantor Inc has been relatively stable over the past five years, ranging from a high of 57.45 days on December 31, 2020, to a low of 49.63 days on December 31, 2023. This ratio indicates the average number of days it takes for the company to pay its suppliers, with lower numbers suggesting a more efficient payables management process. The decreasing trend from 2020 to 2023 could indicate improved cash flow management or negotiation with suppliers for better payment terms. However, there was a slight increase to 53.71 days on December 31, 2024, suggesting a potential shift in payables management strategies or changes in the company's operating environment. Overall, monitoring this metric can provide insights into Avantor Inc's liquidity, working capital efficiency, and relationships with suppliers.
Peer comparison
Dec 31, 2024