AzulAZUL +3.67%24 Days Payable is 73.52 as of Mar. 2026, which is 7% above its 10-year median of 68.57. GuruFocus rates AZUL with a GF Score™ of 24/100. The stock has 6 warning signs investors should review. Among 967 Transportation companies, Azul ranks better than 78.39% on this metric.
Azul's average Accounts Payable for the
three
months ended in Mar. 2026 was $641 Mil. Azul's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $796 Mil.
Hence, Azul's Days Payable for the
three
months ended in Mar. 2026 was 73.52.
The historical rank and industry rank for Azul's Days Payable or its related term are showing as below:
AZUL'
s Days Payable Range Over the Past 10 Years
Min: 57.86 Med: 68.57 Max: 115.26
Current: 86.15
During the past 13 years, Azul's highest Days Payable was 115.26. The lowest was 57.86. And the median was 68.57.
AZUL's Days Payable is ranked better than 78.39% of 967
companies
in the Transportation industry
Industry Median: 39.16
vs AZUL: 86.15
Azul's Days Payable
declined
from Mar. 2025 (110.56) to Mar. 2026 (73.52).
It may suggest that Azulaccelerated paying its suppliers.
Azul Days Payable Related Terms
Azul Days Payable Historical Data
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The historical data trend for Azul'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.
For the Airlines subindustry, Azul'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.
Azul Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Azul's Days Payable distribution charts can be found below:
* The bar in red indicates where Azul's Days Payable falls into.
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.
Azul's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Azul (AZUL) has a Days Payable of 73.52 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Azul and its competitors. This is near median its historical median of 68.57. Over the past decade, Azul's Days Payable has ranged from 57.86 to 115.26. According to the industry distribution chart, Azul ranks #209 out of 967 companies in the Transportation industry, placing it in the top 21.6%.
Is Azul's Days Payable too high?
Azul's current Days Payable of 73.52 is near median its 10-year median of 68.57. Over the past 10 years, this metric has ranged from a low of 57.86 to a high of 115.26. The Transportation industry median Days Payable is 39.16. Azul's value of 73.52 is 87.7% above this industry median. Based on the distribution chart, Azul ranks #209 out of 967 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Azul has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Azul's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, Azul ranks #209 out of 967 companies for Days Payable. This places Azul in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 39.16. Azul's value of 73.52 is 87.7% above this benchmark. Historically, Azul's own Days Payable has ranged from 57.86 to 115.26 over the past decade. While the company's 10-year median is 68.57 vs. the industry median of 39.16, Azul has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 39.16, based on 967 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azul's current Days Payable of 73.52 is 87.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Azul and its competitors. For the Transportation industry, the median Days Payable is 39.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azul's current Days Payable is 73.52, which is near median its own 10-year median of 68.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azul stock overvalued right now?
Azul (AZUL) has a current Days Payable of 73.52. The current Days Payable is 73.52, which is near median its 10-year median of 68.57 and 87.7% above the Transportation industry median of 39.16. Azul's overall GF Score™ is 24/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Azul (AZUL), the current Days Payable is 73.52 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities, and equity holding in other companies. The company generates the majority of its revenue from Air transport and a small portion of its revenue from Ancillary revenues.
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