Avantor Inc (AVTR)

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		6.88	7.95	7.35	7.06	6.84	6.27	6.48	6.49	6.26	6.08	6.47	6.92	6.24	6.33	6.35	6.63	7.02	6.76
Number of days of payables	days	53.03	45.93	49.63	51.68	53.37	58.17	56.37	56.25	58.28	60.08	56.44	52.78	58.50	57.70	57.45	55.03	51.99	53.97

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.88
= 53.03

The number of days of payables for Avantor Inc fluctuated over the analyzed periods, ranging from 45.93 days to 60.08 days. A decreasing trend can be observed from September 2022 to March 2023, but then there was an increase until June 2023. Subsequently, there were fluctuations in the number of days of payables until the most recent figure of 53.03 days as of June 30, 2024. The company's ability to delay payments to suppliers decreased from March 2023 to September 2023, but it improved slightly in the following periods. Overall, the management of payables in relation to the company's operations warrants further investigation to understand the factors driving these fluctuations.