El AL Israel Airlines (El AL Israel Airlines) Days Payable : 18.98 (As of Dec. 2023)

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What is El AL Israel Airlines Days Payable?

El AL Israel Airlines's average Accounts Payable for the three months ended in Dec. 2023 was $201 Mil. El AL Israel Airlines's Cost of Goods Sold for the three months ended in Dec. 2023 was $966 Mil. Hence, El AL Israel Airlines's Days Payable for the three months ended in Dec. 2023 was 18.98.

The historical rank and industry rank for El AL Israel Airlines's Days Payable or its related term are showing as below:

ELALF' s Days Payable Range Over the Past 10 Years
Min: 27.4 Med: 33.08 Max: 68.72
Current: 32.28

During the past 13 years, El AL Israel Airlines's highest Days Payable was 68.72. The lowest was 27.40. And the median was 33.08.

ELALF's Days Payable is ranked worse than
58.6% of 930 companies
in the Transportation industry
Industry Median: 39.39 vs ELALF: 32.28

El AL Israel Airlines's Days Payable increased from Dec. 2022 (18.86) to Dec. 2023 (18.98). It may suggest that El AL Israel Airlines delayed paying its suppliers.

El AL Israel Airlines Days Payable Historical Data

The historical data trend for El AL Israel Airlines'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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El AL Israel Airlines Days Payable Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.98

68.72

39.14

27.40

32.63

El AL Israel Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															18.86	45.03	44.18	41.33	18.98

Competitive Comparison of El AL Israel Airlines's Days Payable

For the Airlines subindustry, El AL Israel Airlines'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.

El AL Israel Airlines's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, El AL Israel Airlines's Days Payable distribution charts can be found below:

* The bar in red indicates where El AL Israel Airlines's Days Payable falls into.

El AL Israel Airlines 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.

El AL Israel Airlines'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
=	( (170	+	206.7)	/	2 )	/	2107.1	*	365
=	188.35					/	2107.1	*	365
=	32.63

El AL Israel Airlines'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (194.988	+	206.7)	/	2 )	/	965.743	*	365 / 4
=	200.844					/	965.743	*	365 / 4
=	18.98

El AL Israel Airlines Days Payable Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.