Jet2 (DRTGF) Days Payable : 23.29 (As of Sep. 2023)

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What is Jet2 Days Payable?

Jet2's average Accounts Payable for the six months ended in Sep. 2023 was $568 Mil. Jet2's Cost of Goods Sold for the six months ended in Sep. 2023 was $4,451 Mil. Hence, Jet2's Days Payable for the six months ended in Sep. 2023 was 23.29.

The historical rank and industry rank for Jet2's Days Payable or its related term are showing as below:

DRTGF' s Days Payable Range Over the Past 10 Years
Min: 7.23 Med: 11.05 Max: 38.22
Current: 38.22

During the past 13 years, Jet2's highest Days Payable was 38.22. The lowest was 7.23. And the median was 11.05.

DRTGF's Days Payable is ranked worse than
66.31% of 751 companies
in the Travel & Leisure industry
Industry Median: 60.61 vs DRTGF: 38.22

Jet2's Days Payable declined from Sep. 2022 (23.60) to Sep. 2023 (23.29). It may suggest that Jet2 accelerated paying its suppliers.

Jet2 Days Payable Historical Data

The historical data trend for Jet2'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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Jet2 Days Payable Chart

Jet2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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16.76

9.66

28.08

12.28

7.50

Jet2 Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															42.03	34.33	23.60	45.35	23.29

Competitive Comparison of Jet2's Days Payable

For the Travel Services subindustry, Jet2'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.

Jet2's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jet2's Days Payable distribution charts can be found below:

* The bar in red indicates where Jet2's Days Payable falls into.

Jet2 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.

Jet2's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (98.551	+	117.233)	/	2 )	/	5249.758	*	365
=	107.892					/	5249.758	*	365
=	7.50

Jet2's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (117.233	+	1018.936)	/	2 )	/	4451.238	*	365 / 2
=	568.0845					/	4451.238	*	365 / 2
=	23.29

Jet2 Days Payable Related Terms

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Jet2 (DRTGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (OTCPK:DRTGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JET2:UK JET2:UK DG1:Germany

Address

Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU

Website

https://www.jet2plc.com

Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It revenue through Package holidays and operates mainly in United Kingdom.