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Canada Jetlines Operations (NEOE:CJET) Days Payable : 30.85 (As of Mar. 2024)


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What is Canada Jetlines Operations Days Payable?

Canada Jetlines Operations's average Accounts Payable for the three months ended in Mar. 2024 was C$4.54 Mil. Canada Jetlines Operations's Cost of Goods Sold for the three months ended in Mar. 2024 was C$13.42 Mil. Hence, Canada Jetlines Operations's Days Payable for the three months ended in Mar. 2024 was 30.85.

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

NEOE:CJET' s Days Payable Range Over the Past 10 Years
Min: 29.5   Med: 69.24   Max: 37838.33
Current: 29.5

During the past 5 years, Canada Jetlines Operations's highest Days Payable was 37838.33. The lowest was 29.50. And the median was 69.24.

NEOE:CJET's Days Payable is ranked worse than
65.45% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs NEOE:CJET: 29.50

Canada Jetlines Operations's Days Payable declined from Mar. 2023 (35.88) to Mar. 2024 (30.85). It may suggest that Canada Jetlines Operations accelerated paying its suppliers.

Canada Jetlines Operations Days Payable Historical Data

The historical data trend for Canada Jetlines Operations'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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Canada Jetlines Operations Days Payable Chart

Canada Jetlines Operations Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
- 37,838.33 91.85 46.62 39.45

Canada Jetlines Operations Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 35.88 30.31 26.62 31.96 30.85

Competitive Comparison of Canada Jetlines Operations's Days Payable

For the Airlines subindustry, Canada Jetlines Operations'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.

Canada Jetlines Operations's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Canada Jetlines Operations's Days Payable falls into.


Canada Jetlines Operations 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.

Canada Jetlines Operations'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
=( (2.182 + 5.413) / 2 ) / 35.139*365
=3.7975 / 35.139*365
=39.45

Canada Jetlines Operations's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (5.413 + 3.663) / 2 ) / 13.422*365 / 4
=4.538 / 13.422*365 / 4
=30.85

* 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.

Canada Jetlines Operations Days Payable Related Terms

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Canada Jetlines Operations (NEOE:CJET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canada Jetlines Operations Ltd (NEOE:CJET) » Definitions » Days Payable
Comparable Companies
TSXV:ACE.H DAL DUB:RYA SHSE:601111 SHSE:600029 SGX:C6L LUV SHSE:600115 UAL NSE:INDIGO IST:THYAO TSE:9202 SHSE:600221 LSE:IAG XTER:LHA TSE:9201 SHSE:601021 AAL HKSE:00293 XKRX:003490
Traded in Other Exchanges
CAJTF:USA
Address
1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3
Website
https://www.jetlines.com
Canada Jetlines Operations Ltd operates as a leisure carrier. The group utilizes a growing fleet of Airbus A320 aircraft that provides passengers with another choice to travel to preferred destinations within the U.S., Caribbean, and Mexico. It generates maximum revenue from charter services.