Aerodrom Nikola Tesla ad (XBEL:AERO) Days Payable : 9.88 (As of Mar. 2024)

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What is Aerodrom Nikola Tesla ad Days Payable?

Aerodrom Nikola Tesla ad's average Accounts Payable for the three months ended in Mar. 2024 was RSD28 Mil. Aerodrom Nikola Tesla ad's Cost of Goods Sold for the three months ended in Mar. 2024 was RSD259 Mil. Hence, Aerodrom Nikola Tesla ad's Days Payable for the three months ended in Mar. 2024 was 9.88.

The historical rank and industry rank for Aerodrom Nikola Tesla ad's Days Payable or its related term are showing as below:

XBEL:AERO' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 18.11 Max: 132.57
Current: 8.31

During the past 13 years, Aerodrom Nikola Tesla ad's highest Days Payable was 132.57. The lowest was 7.97. And the median was 18.11.

XBEL:AERO's Days Payable is ranked worse than
95.09% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs XBEL:AERO: 8.31

Aerodrom Nikola Tesla ad's Days Payable increased from Mar. 2023 (9.24) to Mar. 2024 (9.88). It may suggest that Aerodrom Nikola Tesla ad delayed paying its suppliers.

Aerodrom Nikola Tesla ad Days Payable Historical Data

The historical data trend for Aerodrom Nikola Tesla ad'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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Aerodrom Nikola Tesla ad Days Payable Chart

Aerodrom Nikola Tesla ad Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

132.57

16.03

9.61

7.97

9.90

Aerodrom Nikola Tesla ad 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															9.24	7.96	5.54	8.50	9.88

Competitive Comparison of Aerodrom Nikola Tesla ad's Days Payable

For the Airports & Air Services subindustry, Aerodrom Nikola Tesla ad'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.

Aerodrom Nikola Tesla ad's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aerodrom Nikola Tesla ad's Days Payable distribution charts can be found below:

* The bar in red indicates where Aerodrom Nikola Tesla ad's Days Payable falls into.

Aerodrom Nikola Tesla ad 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.

Aerodrom Nikola Tesla ad'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
=	( (19.102	+	27.125)	/	2 )	/	852.552	*	365
=	23.1135					/	852.552	*	365
=	9.90

Aerodrom Nikola Tesla ad'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
=	( (27.125	+	28.896)	/	2 )	/	258.626	*	365 / 4
=	28.0105					/	258.626	*	365 / 4
=	9.88

Aerodrom Nikola Tesla ad Days Payable Related Terms

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Aerodrom Nikola Tesla ad (XBEL:AERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aerodrom Nikola Tesla ad (XBEL:AERO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Belgrade Airport 47, surcin, Belgrade, SRB, 11271

Website

https://www.antb.rs

Aerodrom Nikola Tesla ad provides airport services such as aircraft landing, take-off, taxing and parking, and passenger and cargo handling. The group also provides ancillary services and airport complex services, satisfying the needs of service users, and domestic and foreign air carriers.