FastJet (LSE:FJET) Days Payable: 102.85 (As of Jun. 2019) — 68% Above Median

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What is FastJet Days Payable?

FastJet LSE:FJET +7.14% Days Payable is 102.85 as of Jun. 2019, which is 68% above its 10-year median of 61.28. The stock has 7 warning signs investors should review.

FastJet's average Accounts Payable for the six months ended in Jun. 2019 was £8.16 Mil. FastJet's Cost of Goods Sold for the six months ended in Jun. 2019 was £14.47 Mil. Hence, FastJet's Days Payable for the six months ended in Jun. 2019 was 102.85.

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

LSE:FJET' s Days Payable Range Over the Past 10 Years
Min: 31.44   Med: 61.28   Max: 71.34
Current: 103.22

During the past 8 years, FastJet's highest Days Payable was 71.34. The lowest was 31.44. And the median was 61.28.

LSE:FJET's Days Payable is not ranked
in the Transportation industry.
Industry Median: 38.63 vs LSE:FJET: 103.22

FastJet's Days Payable declined from Jun. 2018 (119.74) to Jun. 2019 (102.85). It may suggest that FastJet accelerated paying its suppliers.


FastJet Days Payable Historical Data

* Premium members only.

The historical data trend for FastJet'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.

FastJet Days Payable Chart

FastJet Annual Data
Trend Jun11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial 57.87 70.98 39.60 121.20 32.88

FastJet Semi-Annual Data
Jun11 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19
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 84.59 0.00 119.74 69.71 102.85

LSE:FJET vs LUV, DAL, UAL: Days Payable Comparison

For the Airlines subindustry, FastJet'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.


FastJet Days Payable vs Transportation Industry

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

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



FastJet 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.

FastJet's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (2.266 + 4.89) / 2 ) / 39.716*365
=3.578 / 39.716*365
=32.88

FastJet's Days Payable for the quarter that ended in Jun. 2019 is calculated as:

Days Payable (Q: Jun. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2018 ) + Accounts Payable (Q: Jun. 2019 )) / count ) / Cost of Goods Sold (Q: Jun. 2019 )*Days in Period
=( (4.89 + 11.421) / 2 ) / 14.471*365 / 2
=8.1555 / 14.471*365 / 2
=102.85

* 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 102.85 mean?
FastJet (LSE:FJET) has a Days Payable of 102.85 as of Jun. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on FastJet and its competitors. This is 68% above median its historical median of 61.28. Over the past decade, FastJet's Days Payable has ranged from 31.44 to 71.34.
Is FastJet's Days Payable too high?
FastJet's current Days Payable of 102.85 is 68% above median its 10-year median of 61.28. Over the past 10 years, this metric has ranged from a low of 31.44 to a high of 71.34. The Transportation industry median Days Payable is 38.63. FastJet's value of 102.85 is 166.2% above this industry median.
How does FastJet's Days Payable compare to LUV and DAL?
FastJet's Days Payable of 102.85 can be compared against companies in the Transportation industry. The industry median Days Payable is 38.63. FastJet's value of 102.85 is 166.2% above this benchmark. Historically, FastJet's own Days Payable has ranged from 31.44 to 71.34 over the past decade. While the company's 10-year median is 61.28 vs. the industry median of 38.63, FastJet 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 38.63, based on 969 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. FastJet's current Days Payable of 102.85 is 166.2% 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 FastJet and its competitors. For the Transportation industry, the median Days Payable is 38.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FastJet's current Days Payable is 102.85, which is 68% above median its own 10-year median of 61.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FastJet stock overvalued right now?
FastJet (LSE:FJET) has a current Days Payable of 102.85. The current Days Payable is 102.85, which is 68% above median its 10-year median of 61.28 and 166.2% above the Transportation industry median of 38.63. 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 FastJet (LSE:FJET), the current Days Payable is 102.85 as of Jun. 2019. 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.

FastJet Business Description

Address 60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR
FastJet PLC is engaged in the business of providing airline services under fastjet brand. The company's geographical segments include Zimbabwe, Mozambique as well as Central and Federal Airlines. Its revenue consists of Passenger, Charter, Ancillary services, Cargo and Other revenue.