Cathay Pacific Airways (HKSE:00293) Days Payable : 30.09 (As of Dec. 2023)

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What is Cathay Pacific Airways Days Payable?

Cathay Pacific Airways's average Accounts Payable for the six months ended in Dec. 2023 was HK$6,699 Mil. Cathay Pacific Airways's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$40,627 Mil. Hence, Cathay Pacific Airways's Days Payable for the six months ended in Dec. 2023 was 30.09.

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

HKSE:00293' s Days Payable Range Over the Past 10 Years
Min: 19.43 Med: 26.75 Max: 65.6
Current: 30.96

During the past 13 years, Cathay Pacific Airways's highest Days Payable was 65.60. The lowest was 19.43. And the median was 26.75.

HKSE:00293's Days Payable is ranked worse than
61.22% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs HKSE:00293: 30.96

Cathay Pacific Airways's Days Payable declined from Dec. 2022 (35.67) to Dec. 2023 (30.09). It may suggest that Cathay Pacific Airways accelerated paying its suppliers.

Cathay Pacific Airways Days Payable Historical Data

The historical data trend for Cathay Pacific Airways'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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Cathay Pacific Airways Days Payable Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.43

38.57

57.57

65.60

31.60

Cathay Pacific Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															50.47	75.03	35.67	31.32	30.09

Competitive Comparison of Cathay Pacific Airways's Days Payable

For the Airlines subindustry, Cathay Pacific Airways'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.

Cathay Pacific Airways's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cathay Pacific Airways's Days Payable distribution charts can be found below:

* The bar in red indicates where Cathay Pacific Airways's Days Payable falls into.

Cathay Pacific Airways 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.

Cathay Pacific Airways'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
=	( (5380	+	7397)	/	2 )	/	73785	*	365
=	6388.5					/	73785	*	365
=	31.60

Cathay Pacific Airways'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6001	+	7397)	/	2 )	/	40627	*	365 / 2
=	6699					/	40627	*	365 / 2
=	30.09

Cathay Pacific Airways Days Payable Related Terms

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Cathay Pacific Airways (HKSE:00293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cathay Pacific Airways Ltd (HKSE:00293) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CPCAY:USA CPCAF:USA CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.

Cathay Pacific Airways (HKSE:00293) Headlines

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