Aegean Airlines (Aegean Airlines) Days Payable : 23.78 (As of Dec. 2023)

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What is Aegean Airlines Days Payable?

Aegean Airlines's average Accounts Payable for the six months ended in Dec. 2023 was $121 Mil. Aegean Airlines's Cost of Goods Sold for the six months ended in Dec. 2023 was $928 Mil. Hence, Aegean Airlines's Days Payable for the six months ended in Dec. 2023 was 23.78.

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

AGZNF' s Days Payable Range Over the Past 10 Years
Min: 20.3 Med: 26 Max: 49.7
Current: 28.53

During the past 13 years, Aegean Airlines's highest Days Payable was 49.70. The lowest was 20.30. And the median was 26.00.

AGZNF's Days Payable is ranked worse than
67.02% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs AGZNF: 28.53

Aegean Airlines's Days Payable declined from Dec. 2022 (34.95) to Dec. 2023 (23.78). It may suggest that Aegean Airlines accelerated paying its suppliers.

Aegean Airlines Days Payable Historical Data

The historical data trend for Aegean Airlines'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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Aegean Airlines Days Payable Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.16

43.02

51.08

38.86

28.01

Aegean Airlines 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															39.20	56.99	34.95	34.60	23.78

Competitive Comparison of Aegean Airlines's Days Payable

For the Airlines subindustry, Aegean Airlines'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.

Aegean Airlines's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Days Payable distribution charts can be found below:

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

Aegean Airlines 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.

Aegean Airlines'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
=	( (130.909	+	116.174)	/	2 )	/	1609.639	*	365
=	123.5415					/	1609.639	*	365
=	28.01

Aegean Airlines'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
=	( (125.727	+	116.174)	/	2 )	/	928.3	*	365 / 2
=	120.9505					/	928.3	*	365 / 2
=	23.78

Aegean Airlines Days Payable Related Terms

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Aegean Airlines (Aegean Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (OTCPK:AGZNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.