Pakistan International Airlines (KAR:PIAA) Days Payable : 221.38 (As of Jun. 2023)

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What is Pakistan International Airlines Days Payable?

Pakistan International Airlines's average Accounts Payable for the three months ended in Jun. 2023 was ₨134,392 Mil. Pakistan International Airlines's Cost of Goods Sold for the three months ended in Jun. 2023 was ₨55,396 Mil. Hence, Pakistan International Airlines's Days Payable for the three months ended in Jun. 2023 was 221.38.

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

KAR:PIAA' s Days Payable Range Over the Past 10 Years
Min: 133.83 Med: 235.18 Max: 410.11
Current: 199.71

During the past 13 years, Pakistan International Airlines's highest Days Payable was 410.11. The lowest was 133.83. And the median was 235.18.

KAR:PIAA's Days Payable is ranked better than
92.58% of 930 companies
in the Transportation industry
Industry Median: 38.89 vs KAR:PIAA: 199.71

Pakistan International Airlines's Days Payable increased from Jun. 2022 (202.84) to Jun. 2023 (221.38). It may suggest that Pakistan International Airlines delayed paying its suppliers.

Pakistan International Airlines Days Payable Historical Data

The historical data trend for Pakistan International 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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Pakistan International Airlines Days Payable Chart

Pakistan International Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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280.89

165.03

289.74

309.33

198.79

Pakistan International Airlines Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															202.84	188.41	184.77	203.79	221.38

Competitive Comparison of Pakistan International Airlines's Days Payable

For the Airlines subindustry, Pakistan International 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.

Pakistan International Airlines's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Pakistan International Airlines's Days Payable falls into.

Pakistan International 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.

Pakistan International Airlines's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (82159.762	+	113156.747)	/	2 )	/	179307.128	*	365
=	97658.2545					/	179307.128	*	365
=	198.79

Pakistan International Airlines's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (131138.109	+	137646.403)	/	2 )	/	55395.938	*	365 / 4
=	134392.256					/	55395.938	*	365 / 4
=	221.38

Pakistan International Airlines Days Payable Related Terms

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Pakistan International Airlines (KAR:PIAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pakistan International Airlines Corp Ltd (KAR:PIAA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PIAB:Pakistan

Address

PIA Building, Jinnah International Airport, Karachi, PAK, 75200

Website

https://www.piac.com.pk

Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

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