Finnair Oyj (OHEL:FIA) Days Payable : 14.24 (As of Mar. 2024)

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What is Finnair Oyj Days Payable?

Finnair Oyj's average Accounts Payable for the three months ended in Mar. 2024 was €101 Mil. Finnair Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €648 Mil. Hence, Finnair Oyj's Days Payable for the three months ended in Mar. 2024 was 14.24.

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

OHEL:FIA' s Days Payable Range Over the Past 10 Years
Min: 10.82 Med: 12.19 Max: 16.05
Current: 14.36

During the past 13 years, Finnair Oyj's highest Days Payable was 16.05. The lowest was 10.82. And the median was 12.19.

OHEL:FIA's Days Payable is ranked worse than
88.33% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs OHEL:FIA: 14.36

Finnair Oyj's Days Payable increased from Mar. 2023 (12.98) to Mar. 2024 (14.24). It may suggest that Finnair Oyj delayed paying its suppliers.

Finnair Oyj Days Payable Historical Data

The historical data trend for Finnair Oyj'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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Finnair Oyj Days Payable Chart

Finnair Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.06

15.36

11.97

11.00

13.79

Finnair Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															12.98	14.11	15.09	15.21	14.24

Competitive Comparison of Finnair Oyj's Days Payable

For the Airlines subindustry, Finnair Oyj'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.

Finnair Oyj's Days Payable Distribution in the Transportation Industry

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

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

Finnair Oyj 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.

Finnair Oyj'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
=	( (90.3	+	107)	/	2 )	/	2611.9	*	365
=	98.65					/	2611.9	*	365
=	13.79

Finnair Oyj'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
=	( (107	+	95.3)	/	2 )	/	648	*	365 / 4
=	101.15					/	648	*	365 / 4
=	14.24

Finnair Oyj Days Payable Related Terms

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Finnair Oyj (OHEL:FIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (OHEL:FIA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FNNNF:USA 0EG8:UK FAI:Germany

Address

Tietotie 9 A Helsinki Airport, Vantaa, FIN, 01053

Website

https://company.finnair.com/en

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. It is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

Finnair Oyj (OHEL:FIA) Headlines

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