Flight Centre Travel Group (ASX:FLT) Days Payable : 2,611.31 (As of Dec. 2023)

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What is Flight Centre Travel Group Days Payable?

Flight Centre Travel Group's average Accounts Payable for the six months ended in Dec. 2023 was A$1,070 Mil. Flight Centre Travel Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$75 Mil. Hence, Flight Centre Travel Group's Days Payable for the six months ended in Dec. 2023 was 2,611.31.

The historical rank and industry rank for Flight Centre Travel Group's Days Payable or its related term are showing as below:

ASX:FLT' s Days Payable Range Over the Past 10 Years
Min: 1119.6 Med: 1737.57 Max: 60072.17
Current: 3142.21

During the past 13 years, Flight Centre Travel Group's highest Days Payable was 60072.17. The lowest was 1119.60. And the median was 1737.57.

ASX:FLT's Days Payable is ranked better than
98.28% of 754 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs ASX:FLT: 3142.21

Flight Centre Travel Group's Days Payable declined from Dec. 2022 (4,383.19) to Dec. 2023 (2,611.31). It may suggest that Flight Centre Travel Group accelerated paying its suppliers.

Flight Centre Travel Group Days Payable Historical Data

The historical data trend for Flight Centre Travel Group'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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Flight Centre Travel Group Days Payable Chart

Flight Centre Travel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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1,119.60

1,307.01

60,072.17

6,206.64

2,168.12

Flight Centre Travel Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															17,302.01	7,076.47	4,383.19	3,049.75	2,611.31

Competitive Comparison of Flight Centre Travel Group's Days Payable

For the Travel Services subindustry, Flight Centre Travel Group'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.

Flight Centre Travel Group's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flight Centre Travel Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Flight Centre Travel Group's Days Payable falls into.

Flight Centre Travel Group 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.

Flight Centre Travel Group'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
=	( (513.153	+	668.883)	/	2 )	/	99.497	*	365
=	591.018					/	99.497	*	365
=	2,168.12

Flight Centre Travel Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (668.883	+	1471.358)	/	2 )	/	74.789	*	365 / 2
=	1070.1205					/	74.789	*	365 / 2
=	2,611.31

Flight Centre Travel Group Days Payable Related Terms

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Flight Centre Travel Group (ASX:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flight Centre Travel Group Ltd (ASX:FLT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FLI:Germany

Address

275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101

Website

https://www.fctgl.com

Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

Flight Centre Travel Group (ASX:FLT) Headlines

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