GLUX (Great Lakes Aviation) Days Payable: 47.77 (As of Sep. 2015)


What is Great Lakes Aviation Days Payable?

Great Lakes Aviation GLUX Days Payable is 47.77 as of Sep. 2015.

Great Lakes Aviation's average Accounts Payable for the three months ended in Sep. 2015 was $1.76 Mil. Great Lakes Aviation's Cost of Goods Sold for the three months ended in Sep. 2015 was $3.35 Mil. Hence, Great Lakes Aviation's Days Payable for the three months ended in Sep. 2015 was 47.77.

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

GLUX's Days Payable is not ranked *
in the Transportation industry.
Industry Median: 38.845
* Ranked among companies with meaningful Days Payable only.

Great Lakes Aviation's Days Payable increased from Sep. 2014 (44.67) to Sep. 2015 (47.77). It may suggest that Great Lakes Aviation delayed paying its suppliers.

Great Lakes Aviation Days Payable Historical Data

* Premium members only.

The historical data trend for Great Lakes 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.

Great Lakes Aviation Days Payable Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.46 22.82 24.23 26.59 41.88

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.67 36.79 39.31 27.42 47.77

GLUX vs MESA: Days Payable Comparison

For the Airlines subindustry, Great Lakes 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.

Great Lakes Aviation Days Payable vs Transportation Industry

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

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


Great Lakes 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.

Great Lakes Aviation's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (3.684 + 2.177) / 2 ) / 25.539*365
=2.9305 / 25.539*365
=41.88

Great Lakes Aviation's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable (Q: Sep. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2015 ) + Accounts Payable (Q: Sep. 2015 )) / count ) / Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=( (1.574 + 1.938) / 2 ) / 3.354*365 / 4
=1.756 / 3.354*365 / 4
=47.77

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 47.77 mean?
Great Lakes Aviation (GLUX) has a Days Payable of 47.77 as of Sep. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Great Lakes Aviation and its competitors.
Is Great Lakes Aviation's Days Payable too high?
Great Lakes Aviation's current Days Payable is 47.77. The Transportation industry median Days Payable is 38.85. Great Lakes Aviation's value of 47.77 is 23% above this industry median.
How does Great Lakes Aviation's Days Payable compare to MESA?
Great Lakes Aviation's Days Payable of 47.77 can be compared against companies in the Transportation industry. The industry median Days Payable is 38.85. Great Lakes Aviation's value of 47.77 is 23% above this benchmark. 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 38.85, based on 972 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. Great Lakes Aviation's current Days Payable of 47.77 is 23% 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 Great Lakes Aviation and its competitors. For the Transportation industry, the median Days Payable is 38.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Lakes Aviation's current Days Payable is 47.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current Days Payable of 47.77. The current Days Payable is 47.77 and 23% above the Transportation industry median of 38.85. 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 Great Lakes Aviation (GLUX), the current Days Payable is 47.77 as of Sep. 2015. 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.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.