Era Group (Era Group) Days Payable : 24.13 (As of Mar. 2020)

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What is Era Group Days Payable?

Era Group's average Accounts Payable for the three months ended in Mar. 2020 was $12.7 Mil. Era Group's Cost of Goods Sold for the three months ended in Mar. 2020 was $48.0 Mil. Hence, Era Group's Days Payable for the three months ended in Mar. 2020 was 24.13.

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

ERA's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

Era Group's Days Payable declined from Mar. 2019 (25.51) to Mar. 2020 (24.13). It may suggest that Era Group accelerated paying its suppliers.

Era Group Days Payable Historical Data

The historical data trend for Era Group'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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Era Group Days Payable Chart

Era Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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22.62

17.38

21.66

28.26

24.77

Era Group Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Days Payable	Get a 7-Day Free Trial															25.51	24.64	23.74	23.22	24.13

Competitive Comparison of Era Group's Days Payable

For the Oil & Gas Equipment & Services subindustry, Era Group'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.

Era Group's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Era Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Era Group's Days Payable falls into.

Era Group 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.

Era Group's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (13.161	+	12.923)	/	2 )	/	192.165	*	365
=	13.042					/	192.165	*	365
=	24.77

Era Group's Days Payable for the quarter that ended in Mar. 2020 is calculated as:

	Days Payable (Q: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2019 )	+	Accounts Payable (Q: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
=	( (12.923	+	12.475)	/	2 )	/	48.013	*	365 / 4
=	12.699					/	48.013	*	365 / 4
=	24.13

Era Group Days Payable Related Terms

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Era Group (Era Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Era Group Inc (NYSE:ERA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

945 Bunker Hill Road, Suite 650, Houston, TX, USA, 77024

Website

https://www.eragroupinc.com

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities. The company also leases helicopters to third parties and foreign affiliates; engineers, manufactures, and distributes after-market helicopter parts and accessories; and provides classroom instruction, flight simulator, and other training services.