Avery Dennison Corp (AVY)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,225,000 | 6,086,800 | 6,635,100 | 6,095,500 | 5,048,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,225,000K ÷ $—K
= —
The payables turnover ratio for Avery Dennison Corp for the years 2020 to 2024 is not provided in the data. The payables turnover ratio reflects how efficiently a company is managing its trade payables by comparing the cost of goods sold to the average accounts payable balance. A higher payables turnover ratio indicates that the company is paying its suppliers quickly, whereas a lower ratio may suggest that the company is taking longer to settle its payables.
Without the specific payables turnover figures for Avery Dennison Corp, it is challenging to assess the company's payment practices and liquidity management in relation to its suppliers. It would be beneficial to have this data to gain insights into how effectively the company is managing its accounts payable and relationships with its vendors over the stated period.
Peer comparison
Dec 31, 2024