Avery Dennison Corp (AVY)
Number of days of payables
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.65 | 5.64 | 5.92 | 6.06 | 6.01 | 5.90 | 5.62 | 5.62 | 5.70 | 5.65 | 5.58 | 5.40 | 5.83 | 6.41 | 6.31 | 6.06 | 6.29 | 7.36 | 7.02 | 6.95 | |
| Number of days of payables | days | 64.64 | 64.74 | 61.60 | 60.21 | 60.69 | 61.91 | 64.93 | 64.95 | 64.03 | 64.64 | 65.47 | 67.57 | 62.58 | 56.94 | 57.89 | 60.24 | 58.04 | 49.58 | 51.98 | 52.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.65
= 64.64
The number of days of payables for Avery Dennison Corp has shown some fluctuations over the past few quarters. The trend indicates that the company takes an average of around 60 to 65 days to pay its suppliers.
In the most recent quarter, as of December 31, 2023, the number of days of payables was at 64.64 days, which is consistent with the previous quarter. This suggests that Avery Dennison Corp maintains a stable payment schedule for its suppliers.
Looking back over the past few years, there is a noticeable increase in the number of days of payables from the beginning of 2021 to mid-2021, peaking at 67.57 days in June 2021. However, the company was able to bring this number down gradually in the following quarters.
Overall, the number of days of payables for Avery Dennison Corp has generally been within the range of 50 to 70 days, indicating that the company is managing its payables effectively and maintaining a balanced approach in its supplier payment practices.
Peer comparison
Dec 31, 2023