Elbit Systems (Elbit Systems) Days Payable

: 86.38 (As of Dec. 2023)

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Elbit Systems's average Accounts Payable for the three months ended in Dec. 2023 was $1,177 Mil. Elbit Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,244 Mil. Hence, Elbit Systems's Days Payable for the three months ended in Dec. 2023 was 86.38.

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

ESLT' s Days Payable Range Over the Past 10 Years
Min: 57.42 Med: 92.19 Max: 100.9
Current: 91.13

During the past 13 years, Elbit Systems's highest Days Payable was 100.90. The lowest was 57.42. And the median was 92.19.

ESLT's Days Payable is ranked better than
56.23% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.56 vs ESLT: 91.13

Elbit Systems's Days Payable declined from Dec. 2022 (88.84) to Dec. 2023 (86.38). It may suggest that Elbit Systems accelerated paying its suppliers.

Elbit Systems Days Payable Historical Data

The historical data trend for Elbit Systems'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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Elbit Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

92.14

100.90

94.54

92.24

94.34

Elbit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																88.84	97.02	92.16	86.84	86.38

Competitive Comparison

For the Aerospace & Defense subindustry, Elbit Systems'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.

Elbit Systems Days Payable Distribution

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Elbit Systems's Days Payable falls into.

Elbit Systems 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.

Elbit Systems'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
=	( (1067.818	+	1254.126)	/	2 )	/	4491.79	*	365
=	1160.972					/	4491.79	*	365
=	94.34

Elbit Systems'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
=	( (1100.489	+	1254.126)	/	2 )	/	1243.686	*	365 / 4
=	1177.3075					/	1243.686	*	365 / 4
=	86.38

Elbit Systems Days Payable Related Terms

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Elbit Systems (Elbit Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Elbit Systems Ltd (NAS:ESLT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESLT:Israel EB2:Germany

Address

Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401

Website

https://www.elbitsystems.com

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.