Avery Dennison (MEX:AVY) Days Payable : 75.18 (As of Sep. 2024)

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What is Avery Dennison Days Payable?

Avery Dennison's average Accounts Payable for the three months ended in Sep. 2024 was MXN25,255 Mil. Avery Dennison's Cost of Goods Sold for the three months ended in Sep. 2024 was MXN30,654 Mil. Hence, Avery Dennison's Days Payable for the three months ended in Sep. 2024 was 75.18.

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

MEX:AVY' s Days Payable Range Over the Past 10 Years
Min: 65.81 Med: 70.64 Max: 78.45
Current: 77

During the past 13 years, Avery Dennison's highest Days Payable was 78.45. The lowest was 65.81. And the median was 70.64.

MEX:AVY's Days Payable is ranked better than
65.52% of 377 companies
in the Packaging & Containers industry
Industry Median: 57.14 vs MEX:AVY: 77.00

Avery Dennison's Days Payable increased from Sep. 2023 (74.83) to Sep. 2024 (75.18). It may suggest that Avery Dennison delayed paying its suppliers.

Avery Dennison Days Payable Historical Data

The historical data trend for Avery Dennison'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.

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Avery Dennison Days Payable Chart

Avery Dennison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.56

74.53

69.40

74.43

84.41

Avery Dennison Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															74.83	77.59	78.32	72.31	75.18

Competitive Comparison of Avery Dennison's Days Payable

For the Packaging & Containers subindustry, Avery Dennison'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.

Avery Dennison's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Days Payable distribution charts can be found below:

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

Avery Dennison 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.

Avery Dennison's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (26110.993	+	21677.812)	/	2 )	/	103318.852	*	365
=	23894.4025					/	103318.852	*	365
=	84.41

Avery Dennison's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (24061.623	+	26448.011)	/	2 )	/	30653.859	*	365 / 4
=	25254.817					/	30653.859	*	365 / 4
=	75.18

Avery Dennison Days Payable Related Terms

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Avery Dennison Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (MEX:AVY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AVY:USA 0HJR:UK AV3:Germany AVY:Argentina

Address

8080 Norton Parkway, Mentor, OH, USA, 44060

Website

https://www.averydennison.com

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.