Avantor Inc (AVTR)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	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
Payables turnover		6.80	6.73	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	53.71	54.23	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

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 shown some variability over the past few years. From March 31, 2020, to December 31, 2024, the number of days of payables ranged from a low of 45.93 days to a high of 60.08 days. The company's payables turnover has fluctuated within this range, indicating changes in the speed at which Avantor is paying its suppliers.

In general, a decrease in the number of days of payables suggests that the company is taking longer to pay its suppliers, which could be a result of cash flow constraints or changes in payment terms. Conversely, an increase in the number of days of payables may indicate improved liquidity or more favorable payment terms with suppliers.

Analyzing the trend, we see that the number of days of payables increased from March 31, 2020, to March 31, 2021, reaching a peak of 57.70 days, before fluctuating between 52.78 days and 60.08 days until March 31, 2024. However, there was a noticeable decrease in the number of days of payables from December 31, 2023, to March 31, 2024, dropping from 58.17 days to 45.93 days.

Overall, monitoring the number of days of payables can provide insights into Avantor's working capital management, cash flow efficiency, and relationships with suppliers. It is important to continue observing this metric to assess the company's financial health and operational performance in the future.