Deutsche Lufthansa AG (Deutsche Lufthansa AG) Days Payable : 56.99 (As of Dec. 2023)

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What is Deutsche Lufthansa AG Days Payable?

Deutsche Lufthansa AG's average Accounts Payable for the three months ended in Dec. 2023 was $5,347 Mil. Deutsche Lufthansa AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $8,561 Mil. Hence, Deutsche Lufthansa AG's Days Payable for the three months ended in Dec. 2023 was 56.99.

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

DLAKY' s Days Payable Range Over the Past 10 Years
Min: 38.03 Med: 48.03 Max: 62.08
Current: 58.85

During the past 13 years, Deutsche Lufthansa AG's highest Days Payable was 62.08. The lowest was 38.03. And the median was 48.03.

DLAKY's Days Payable is ranked better than
68.21% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs DLAKY: 58.85

Deutsche Lufthansa AG's Days Payable declined from Dec. 2022 (65.95) to Dec. 2023 (56.99). It may suggest that Deutsche Lufthansa AG accelerated paying its suppliers.

Deutsche Lufthansa AG Days Payable Historical Data

The historical data trend for Deutsche Lufthansa AG'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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Deutsche Lufthansa AG Days Payable Chart

Deutsche Lufthansa AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.16

58.64

54.15

48.39

48.65

Deutsche Lufthansa AG 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															65.95	63.13	62.28	61.92	56.99

Competitive Comparison of Deutsche Lufthansa AG's Days Payable

For the Airlines subindustry, Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Days Payable falls into.

Deutsche Lufthansa AG 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.

Deutsche Lufthansa AG'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
=	( (4280.72	+	4498.364)	/	2 )	/	32934.569	*	365
=	4389.542					/	32934.569	*	365
=	48.65

Deutsche Lufthansa AG'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
=	( (6195.304	+	4498.364)	/	2 )	/	8560.523	*	365 / 4
=	5346.834					/	8560.523	*	365 / 4
=	56.99

Deutsche Lufthansa AG Days Payable Related Terms

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Deutsche Lufthansa AG (Deutsche Lufthansa AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Deutsche Lufthansa AG (OTCPK:DLAKY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DLAKF:USA LHA:Romania LHA:Italy LUFTHANSA:Hungary LHAd:UK 0H4A:UK LHA:Germany LHA:Austria

Address

Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546

Website

https://www.lufthansagroup.com

Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG (Deutsche Lufthansa AG) Headlines

From GuruFocus

Lufthansa Group to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 15 May 2019

By PRNewswire PRNewswire • 05-13-2019