Pal Holdings (PHS:PAL) Days Payable : 29.78 (As of Mar. 2024)

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What is Pal Holdings Days Payable?

Pal Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ₱12,193 Mil. Pal Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱37,366 Mil. Hence, Pal Holdings's Days Payable for the three months ended in Mar. 2024 was 29.78.

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

PHS:PAL' s Days Payable Range Over the Past 10 Years
Min: 27.38 Med: 35.14 Max: 114.46
Current: 32.88

During the past 13 years, Pal Holdings's highest Days Payable was 114.46. The lowest was 27.38. And the median was 35.14.

PHS:PAL's Days Payable is ranked worse than
58.84% of 928 companies
in the Transportation industry
Industry Median: 38.995 vs PHS:PAL: 32.88

Pal Holdings's Days Payable declined from Mar. 2023 (37.95) to Mar. 2024 (29.78). It may suggest that Pal Holdings accelerated paying its suppliers.

Pal Holdings Days Payable Historical Data

The historical data trend for Pal Holdings'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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Pal Holdings Days Payable Chart

Pal Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.61

80.00

114.46

51.25

36.45

Pal Holdings 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															37.95	32.70	35.93	36.71	29.78

Competitive Comparison of Pal Holdings's Days Payable

For the Airlines subindustry, Pal Holdings'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.

Pal Holdings's Days Payable Distribution in the Transportation Industry

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

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

Pal Holdings 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.

Pal Holdings'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
=	( (15311.168	+	13145.203)	/	2 )	/	142484.494	*	365
=	14228.1855					/	142484.494	*	365
=	36.45

Pal Holdings'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
=	( (13145.203	+	11241.451)	/	2 )	/	37365.909	*	365 / 4
=	12193.327					/	37365.909	*	365 / 4
=	29.78

Pal Holdings Days Payable Related Terms

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Pal Holdings (PHS:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pal Holdings Inc (PHS:PAL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

President Diosdado Macapagal Avenue, 8th Floor, PNB Financial Center, CCP Complex, Metro Manila, Pasay City, PHL, 1300

Website

https://www.philippineairlines.com

Pal Holdings Inc through its subsidiaries, provides air transportation for passengers and cargo within and outside the Philippines. The services provided by the company include Group Booking, Charter Services, Corporate Sales, General Sales Agent, Travel Insurance, Cargo, and Swingaround.

Pal Holdings (PHS:PAL) Headlines

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