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GE Aerospace (NEOE:GE) Days Payable : 84.48 (As of Sep. 2024)


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What is GE Aerospace Days Payable?

GE Aerospace's average Accounts Payable for the three months ended in Sep. 2024 was C$7,808 Mil. GE Aerospace's Cost of Goods Sold for the three months ended in Sep. 2024 was C$8,434 Mil. Hence, GE Aerospace's Days Payable for the three months ended in Sep. 2024 was 84.48.

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

NEOE:GE' s Days Payable Range Over the Past 10 Years
Min: 55.35   Med: 75.63   Max: 137.58
Current: 55.35

During the past 13 years, GE Aerospace's highest Days Payable was 137.58. The lowest was 55.35. And the median was 75.63.

NEOE:GE's Days Payable is ranked worse than
60.66% of 305 companies
in the Aerospace & Defense industry
Industry Median: 75 vs NEOE:GE: 55.35

GE Aerospace's Days Payable declined from Sep. 2023 (160.21) to Sep. 2024 (84.48). It may suggest that GE Aerospace accelerated paying its suppliers.


GE Aerospace Days Payable Historical Data

The historical data trend for GE Aerospace'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.

* Premium members only.

GE Aerospace Days Payable Chart

GE Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.54 108.18 137.63 104.45 75.46

GE Aerospace Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 160.21 29.05 82.73 130.62 84.48

Competitive Comparison of GE Aerospace's Days Payable

For the Aerospace & Defense subindustry, GE Aerospace'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.


GE Aerospace's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Days Payable distribution charts can be found below:

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



GE Aerospace 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.

GE Aerospace'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
=( (13629.83 + 14325.605) / 2 ) / 67605.907*365
=13977.7175 / 67605.907*365
=75.46

GE Aerospace's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (7680.282 + 7935.247) / 2 ) / 8433.739*365 / 4
=7807.7645 / 8433.739*365 / 4
=84.48

* 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.


GE Aerospace Days Payable Related Terms

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GE Aerospace Business Description

Address
One Financial Center, Suite 3700, Boston, MA, USA, 02111
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.