Avery Dennison (FRA:AV3) Days Sales Outstanding : 61.26 (As of Mar. 2024)

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What is Avery Dennison Days Sales Outstanding?

Avery Dennison's average Accounts Receivable for the three months ended in Mar. 2024 was €1,329 Mil. Avery Dennison's Revenue for the three months ended in Mar. 2024 was €1,979 Mil. Hence, Avery Dennison's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.26.

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

FRA:AV3' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.51 Med: 59.57 Max: 64.07
Current: 61.36

During the past 13 years, Avery Dennison's highest Days Sales Outstanding was 64.07. The lowest was 56.51. And the median was 59.57.

FRA:AV3's Days Sales Outstanding is ranked better than
61.38% of 378 companies
in the Packaging & Containers industry
Industry Median: 69.15 vs FRA:AV3: 61.36

Avery Dennison's Days Sales Outstanding increased from Mar. 2023 (60.94) to Mar. 2024 (61.26).

Avery Dennison Days Sales Outstanding Historical Data

The historical data trend for Avery Dennison's Days Sales Outstanding 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 Sales Outstanding Chart

Avery Dennison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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61.28

67.08

55.82

54.71

61.74

Avery Dennison Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															60.94	61.12	61.32	62.09	61.26

Competitive Comparison of Avery Dennison's Days Sales Outstanding

For the Packaging & Containers subindustry, Avery Dennison's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Packaging & Containers Industry

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

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

Avery Dennison Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1297.434	+	1297.463)	/	2 )	/	7670.063	*	365
=	1297.4485					/	7670.063	*	365
=	61.74

Avery Dennison's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1297.463	+	1359.76)	/	2 )	/	1979.196	*	365 / 4
=	1328.6115					/	1979.196	*	365 / 4
=	61.26

Avery Dennison (FRA:AV3) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Avery Dennison Days Sales Outstanding Related Terms

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Avery Dennison (FRA:AV3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (FRA:AV3) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AVY:USA 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.

Avery Dennison (FRA:AV3) Headlines

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