Avnet (AVT) Days Payable

: 56.04 (As of Dec. 2023)

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Avnet's average Accounts Payable for the three months ended in Dec. 2023 was $3,377 Mil. Avnet's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,499 Mil. Hence, Avnet's Days Payable for the three months ended in Dec. 2023 was 56.04.

The historical rank and industry rank for Avnet's Days Payable or its related term are showing as below:

AVT' s Days Payable Range Over the Past 10 Years
Min: 41.81 Med: 47.77 Max: 79.64
Current: 53.05

During the past 13 years, Avnet's highest Days Payable was 79.64. The lowest was 41.81. And the median was 47.77.

AVT's Days Payable is ranked worse than
65.08% of 2420 companies
in the Hardware industry
Industry Median: 67.955 vs AVT: 53.05

Avnet's Days Payable increased from Dec. 2022 (50.55) to Dec. 2023 (56.04). It may suggest that Avnet delayed paying its suppliers.

Avnet Days Payable Historical Data

The historical data trend for Avnet's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avnet Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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44.29

42.41

43.85

49.87

53.18

Avnet Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															50.55	49.95	51.78	55.68	56.04

Competitive Comparison

For the Electronics & Computer Distribution subindustry, Avnet's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Avnet Days Payable Distribution

For the Hardware industry and Technology sector, Avnet's Days Payable distribution charts can be found below:

* The bar in red indicates where Avnet's Days Payable falls into.

Avnet Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Avnet's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3431.683	+	3373.82)	/	2 )	/	23354.738	*	365
=	3402.7515					/	23354.738	*	365
=	53.18

Avnet's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3445.711	+	3308.06)	/	2 )	/	5498.73	*	365 / 4
=	3376.8855					/	5498.73	*	365 / 4
=	56.04

Avnet Days Payable Related Terms

Thank you for viewing the detailed overview of Avnet's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Avnet (AVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avnet Inc (NAS:AVT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2211 South 47th Street, Phoenix, AZ, USA, 85034

Website

https://www.avnet.com

Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.

Executives

James A Lawrence	director	2211 S 47TH ST, PHOENIX AZ 85034
Philip R Gallagher	officer: Senior Vice President	C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Rebeca Obregon-jimenez	officer: SVP	3748 E MARE COURT, PHOENIX AZ 85044
Thomas Liguori	officer: Chief Financial Officer	ADVANCED ENERGY INDUSTRIES, INC., 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
William H Schumann	director	200 E RANDOLPH DRIVE, CHICAGO IL 60601
Elizabeth Mcmullen	officer: Global VP - Operations	2211 S 47TH ST, PHOENIX AZ 85034
Ernest E Maddock	director	LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Kenneth A Jacobson	officer: Interim CFO	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Leng Jin Chan	officer: CIO	2211 S 47TH ST, PHOENIX AZ 85034
Dayna Badhorn	officer: Global VP, Strategic Planning	2211 S 47TH ST, PHOENIX AZ 85034
Oleg Khaykin	director
Maryann G. Miller	officer: Sr. Vice President	C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Michael Ryan Mccoy	officer: SVP, General Counsel	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Carlo Bozotti	director	2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Adalio T Sanchez	director	6060 COVENTRY DRIVE, ELKHORN NE 68022