Chorus Aviation (Chorus Aviation) Days Payable : 92.43 (As of Mar. 2024)

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What is Chorus Aviation Days Payable?

Chorus Aviation's average Accounts Payable for the three months ended in Mar. 2024 was $242 Mil. Chorus Aviation's Cost of Goods Sold for the three months ended in Mar. 2024 was $239 Mil. Hence, Chorus Aviation's Days Payable for the three months ended in Mar. 2024 was 92.43.

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

CHRRF' s Days Payable Range Over the Past 10 Years
Min: 50.06 Med: 68.99 Max: 92.38
Current: 92.38

During the past 13 years, Chorus Aviation's highest Days Payable was 92.38. The lowest was 50.06. And the median was 68.99.

CHRRF's Days Payable is ranked better than
81.39% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs CHRRF: 92.38

Chorus Aviation's Days Payable declined from Mar. 2023 (93.87) to Mar. 2024 (92.43). It may suggest that Chorus Aviation accelerated paying its suppliers.

Chorus Aviation Days Payable Historical Data

The historical data trend for Chorus Aviation'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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Chorus Aviation Days Payable Chart

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.17

74.63

73.83

80.83

89.37

Chorus Aviation 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															93.87	89.50	92.29	93.18	92.43

Competitive Comparison of Chorus Aviation's Days Payable

For the Airports & Air Services subindustry, Chorus Aviation'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.

Chorus Aviation's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chorus Aviation's Days Payable distribution charts can be found below:

* The bar in red indicates where Chorus Aviation's Days Payable falls into.

Chorus Aviation 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.

Chorus Aviation'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
=	( (230.261	+	222.168)	/	2 )	/	923.876	*	365
=	226.2145					/	923.876	*	365
=	89.37

Chorus Aviation'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
=	( (222.168	+	262.083)	/	2 )	/	239.042	*	365 / 4
=	242.1255					/	239.042	*	365 / 4
=	92.43

Chorus Aviation Days Payable Related Terms

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Chorus Aviation (Chorus Aviation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chorus Aviation Inc (OTCPK:CHRRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1H0:Germany CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

Chorus Aviation (Chorus Aviation) Headlines

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