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Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Days Payable : 55.92 (As of Dec. 2023)


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What is Gol Linhas Aereas Inteligentes Days Payable?

Gol Linhas Aereas Inteligentes's average Accounts Payable for the three months ended in Dec. 2023 was $419 Mil. Gol Linhas Aereas Inteligentes's Cost of Goods Sold for the three months ended in Dec. 2023 was $683 Mil. Hence, Gol Linhas Aereas Inteligentes's Days Payable for the three months ended in Dec. 2023 was 55.92.

The historical rank and industry rank for Gol Linhas Aereas Inteligentes's Days Payable or its related term are showing as below:

GOLLQ' s Days Payable Range Over the Past 10 Years
Min: 25.78   Med: 58.45   Max: 83.78
Current: 61.25

During the past 13 years, Gol Linhas Aereas Inteligentes's highest Days Payable was 83.78. The lowest was 25.78. And the median was 58.45.

GOLLQ's Days Payable is ranked better than
69.71% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs GOLLQ: 61.25

Gol Linhas Aereas Inteligentes's Days Payable declined from Dec. 2022 (56.37) to Dec. 2023 (55.92). It may suggest that Gol Linhas Aereas Inteligentes accelerated paying its suppliers.


Gol Linhas Aereas Inteligentes Days Payable Historical Data

The historical data trend for Gol Linhas Aereas Inteligentes'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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Gol Linhas Aereas Inteligentes Days Payable Chart

Gol Linhas Aereas Inteligentes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.99 95.10 76.29 60.02 58.00

Gol Linhas Aereas Inteligentes 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.37 58.37 66.04 64.66 55.92

Competitive Comparison of Gol Linhas Aereas Inteligentes's Days Payable

For the Airlines subindustry, Gol Linhas Aereas Inteligentes'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.


Gol Linhas Aereas Inteligentes's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gol Linhas Aereas Inteligentes's Days Payable distribution charts can be found below:

* The bar in red indicates where Gol Linhas Aereas Inteligentes's Days Payable falls into.



Gol Linhas Aereas Inteligentes 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.

Gol Linhas Aereas Inteligentes'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
=( (433.619 + 408.196) / 2 ) / 2648.813*365
=420.9075 / 2648.813*365
=58.00

Gol Linhas Aereas Inteligentes'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
=( (429.042 + 408.196) / 2 ) / 683.06*365 / 4
=418.619 / 683.06*365 / 4
=55.92

* 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.


Gol Linhas Aereas Inteligentes Days Payable Related Terms

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Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Business Description

Traded in Other Exchanges
Address
S/N, Portaria 3, Jardim Aeroporto, Praca Comandante Linneu Gomes, Sao Paulo, SP, BRA, 04626-020
Gol Intelligent Airlines Inc is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operate both domestic and international flights from which the majority of revenues come in from domestic operations.

Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Headlines