Qantas Airways (ASX:QAN) Days Payable : 104.36 (As of Dec. 2023)

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What is Qantas Airways Days Payable?

Qantas Airways's average Accounts Payable for the six months ended in Dec. 2023 was A$2,913 Mil. Qantas Airways's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5,094 Mil. Hence, Qantas Airways's Days Payable for the six months ended in Dec. 2023 was 104.36.

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

ASX:QAN' s Days Payable Range Over the Past 10 Years
Min: 29.71 Med: 112.68 Max: 317.96
Current: 110.46

During the past 13 years, Qantas Airways's highest Days Payable was 317.96. The lowest was 29.71. And the median was 112.68.

ASX:QAN's Days Payable is ranked better than
85.24% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs ASX:QAN: 110.46

Qantas Airways's Days Payable declined from Dec. 2022 (111.90) to Dec. 2023 (104.36). It may suggest that Qantas Airways accelerated paying its suppliers.

Qantas Airways Days Payable Historical Data

The historical data trend for Qantas 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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Qantas Airways Days Payable Chart

Qantas Airways Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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110.91

137.15

317.96

187.35

111.11

Qantas 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															257.96	139.23	111.90	115.20	104.36

Competitive Comparison of Qantas Airways's Days Payable

For the Airlines subindustry, Qantas 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.

Qantas Airways's Days Payable Distribution in the Transportation Industry

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

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

Qantas 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.

Qantas Airways's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2474	+	2732)	/	2 )	/	8551	*	365
=	2603					/	8551	*	365
=	111.11

Qantas 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
=	( (2732	+	3094)	/	2 )	/	5094	*	365 / 2
=	2913					/	5094	*	365 / 2
=	104.36

Qantas Airways Days Payable Related Terms

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Qantas Airways (ASX:QAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qantas Airways Ltd (ASX:QAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QUBSF:USA QABSY:USA QAN:Germany

Address

10 Bourke Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.qantas.com

Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.

Qantas Airways (ASX:QAN) Headlines

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