Croatia Airlines d.d (ZAG:CRAL) Days Payable : 33.04 (As of Mar. 2024)

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What is Croatia Airlines d.d Days Payable?

Croatia Airlines d.d's average Accounts Payable for the three months ended in Mar. 2024 was €18.7 Mil. Croatia Airlines d.d's Cost of Goods Sold for the three months ended in Mar. 2024 was €51.6 Mil. Hence, Croatia Airlines d.d's Days Payable for the three months ended in Mar. 2024 was 33.04.

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

ZAG:CRAL' s Days Payable Range Over the Past 10 Years
Min: 22.99 Med: 44.46 Max: 60.42
Current: 35.3

During the past 13 years, Croatia Airlines d.d's highest Days Payable was 60.42. The lowest was 22.99. And the median was 44.46.

ZAG:CRAL's Days Payable is ranked worse than
54.06% of 936 companies
in the Transportation industry
Industry Median: 38.84 vs ZAG:CRAL: 35.30

Croatia Airlines d.d's Days Payable increased from Mar. 2023 (28.81) to Mar. 2024 (33.04). It may suggest that Croatia Airlines d.d delayed paying its suppliers.

Croatia Airlines d.d Days Payable Historical Data

The historical data trend for Croatia Airlines d.d'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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Croatia Airlines d.d Days Payable Chart

Croatia Airlines d.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.27

60.42

30.30

22.99

27.10

Croatia Airlines d.d Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															28.81	31.06	31.39	58.41	33.04

Competitive Comparison of Croatia Airlines d.d's Days Payable

For the Airlines subindustry, Croatia Airlines d.d'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.

Croatia Airlines d.d's Days Payable Distribution in the Transportation Industry

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

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

Croatia Airlines d.d 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.

Croatia Airlines d.d'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
=	( (12.84	+	17.67)	/	2 )	/	205.475	*	365
=	15.255					/	205.475	*	365
=	27.10

Croatia Airlines d.d's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (17.67	+	19.719)	/	2 )	/	51.629	*	365 / 4
=	18.6945					/	51.629	*	365 / 4
=	33.04

Croatia Airlines d.d Days Payable Related Terms

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Croatia Airlines d.d (ZAG:CRAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Croatia Airlines d.d (ZAG:CRAL) » Definitions » Days Payable

Comparable Companies

WAR:ENT OSL:NORSE BOM:532617 OISE:PLAY HRBR MESA ASX:REX XSGO:LTM OSL:FLYR XKLS:5238

Traded in Other Exchanges

N/A

Address

Bani 75/b, Buzin, Zagreb, HRV, 10 010

Website

https://www.croatiaairlines.com

Croatia Airlines d.d is an airline transportation service provider in Croatia. Its operations consist of light and cabin operations, traffic training center, operations center, operations engineering, crew plan, ground operations, traffic administrative support, and traffic quality and operations safety management. The company offers both scheduled services as well as charter services, and the scheduled services earn majority revenues. Geographically, it has a presence in Croatia, Germany, USA, France, Great Britain, and Other countries.

Croatia Airlines d.d (ZAG:CRAL) Headlines

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