Gogo (GOGO) Days Payable : 43.13 (As of Dec. 2023)

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What is Gogo Days Payable?

Gogo's average Accounts Payable for the three months ended in Dec. 2023 was $15.7 Mil. Gogo's Cost of Goods Sold for the three months ended in Dec. 2023 was $33.2 Mil. Hence, Gogo's Days Payable for the three months ended in Dec. 2023 was 43.13.

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

GOGO' s Days Payable Range Over the Past 10 Years
Min: 32.84 Med: 45.91 Max: 100.54
Current: 42.22

During the past 13 years, Gogo's highest Days Payable was 100.54. The lowest was 32.84. And the median was 45.91.

GOGO's Days Payable is ranked worse than
79.02% of 348 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs GOGO: 42.22

Gogo's Days Payable increased from Dec. 2022 (38.69) to Dec. 2023 (43.13). It may suggest that Gogo delayed paying its suppliers.

Gogo Days Payable Historical Data

The historical data trend for Gogo'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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Gogo Days Payable Chart

Gogo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.06

35.71

50.39

41.43

40.82

Gogo 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															38.69	36.75	42.27	48.98	43.13

Competitive Comparison of Gogo's Days Payable

For the Telecom Services subindustry, Gogo'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.

Gogo's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Gogo's Days Payable distribution charts can be found below:

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

Gogo 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.

Gogo'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
=	( (13.646	+	16.094)	/	2 )	/	132.951	*	365
=	14.87					/	132.951	*	365
=	40.82

Gogo'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
=	( (15.328	+	16.094)	/	2 )	/	33.236	*	365 / 4
=	15.711					/	33.236	*	365 / 4
=	43.13

Gogo Days Payable Related Terms

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

Gogo (GOGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gogo Inc (NAS:GOGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

G0G:Germany

Address

105 Edgeview Dr, Suite 300, Broomfield, CO, USA, 80021

Website

https://www.gogoair.com

Gogo Inc is a us-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.

Executives

Karen Jackson	officer: SVP, Human Resources	1250 N. ARLINGTON HEIGHTS ROAD, STE 500, ITASCA IL 60143
Crystal L Gordon	officer: EVP, Gen Counsel and Secy	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
Michael Abad-santos	director	C/O GOGO INC., 105 EDGEVIEW DR., SUITE 300, BROOMFIELD CO 80021
Leigh Goldfine	officer: VP, Controller and CAO	C/O GOGO INC., 105 EDGEVIEW DR., SUITE 300, BROOMFIELD CO 80021
Jessica Betjemann	officer: SVP, Finance, Treasurer & CAO	C/O GOGO INC., 111 N. CANAL ST, SUITE 1400, CHICAGO IL 60606
Marguerite M Elias	officer: Exec VP, Gen Counsel and Sec	1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
Michael P. Bayer	officer: SVP, Controller & CAO	1250 N. ARLINGTON HEIGHTS ROAD, STE 500, ITASCA IL 60143
Robert L Crandall	director	C/O AMR CORP/AMERICAN AIRLINES INC, 5215 NORTH O'CONNOR BLVD, IRVING TX 75039
Silver (xii) Holdings, Llc	director, 10 percent owner	300 NORTH LASALLE STREET, SUITE 5600, CHICAGO IL 60654
Mark M. Anderson	director	300 NORTH LASALLE STREET, SUITE 5600, CHICAGO IL 60654
Mudrick Distressed Opportunity Specialty Fund, L.p.	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Fund Global, Lp	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Gp, Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Capital Management Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022