Gogo (FRA:G0G) Days Payable : 52.68 (As of Mar. 2024)

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What is Gogo Days Payable?

Gogo's average Accounts Payable for the three months ended in Mar. 2024 was €17.9 Mil. Gogo's Cost of Goods Sold for the three months ended in Mar. 2024 was €31.0 Mil. Hence, Gogo's Days Payable for the three months ended in Mar. 2024 was 52.68.

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

FRA:G0G' s Days Payable Range Over the Past 10 Years
Min: 32.84 Med: 45.91 Max: 100.54
Current: 47.72

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

FRA:G0G's Days Payable is ranked worse than
76.01% of 346 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs FRA:G0G: 47.72

Gogo's Days Payable increased from Mar. 2023 (36.95) to Mar. 2024 (52.68). 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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55.98

36.84

48.99

39.98

41.38

Gogo 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															36.95	42.50	48.59	43.59	52.68

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
=	( (12.882	+	14.758)	/	2 )	/	121.916	*	365
=	13.82					/	121.916	*	365
=	41.38

Gogo'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
=	( (14.758	+	20.997)	/	2 )	/	30.964	*	365 / 4
=	17.8775					/	30.964	*	365 / 4
=	52.68

Gogo Days Payable Related Terms

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Gogo (FRA:G0G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gogo Inc (FRA:G0G) » Definitions » Days Payable

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GOGO:USA

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.

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