ULCC (Frontier Group Holdings) Days Payable : 12.06 (As of Dec. 2024)

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What is Frontier Group Holdings Days Payable?

Frontier Group Holdings's average Accounts Payable for the three months ended in Dec. 2024 was $122 Mil. Frontier Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was $919 Mil. Hence, Frontier Group Holdings's Days Payable for the three months ended in Dec. 2024 was 12.06.

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

ULCC' s Days Payable Range Over the Past 10 Years
Min: 8.07 Med: 12.38 Max: 15.8
Current: 13.12

During the past 10 years, Frontier Group Holdings's highest Days Payable was 15.80. The lowest was 8.07. And the median was 12.38.

ULCC's Days Payable is ranked worse than
89.42% of 936 companies
in the Transportation industry
Industry Median: 36.06 vs ULCC: 13.12

Frontier Group Holdings's Days Payable declined from Dec. 2023 (13.29) to Dec. 2024 (12.06). It may suggest that Frontier Group Holdings accelerated paying its suppliers.

Frontier Group Holdings Days Payable Historical Data

The historical data trend for Frontier Group 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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Frontier Group Holdings Days Payable Chart

Frontier Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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15.80

12.67

10.49

12.38

12.67

Frontier Group Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															13.29	14.11	13.56	13.29	12.06

Competitive Comparison of Frontier Group Holdings's Days Payable

For the Airlines subindustry, Frontier Group 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.

Frontier Group Holdings's Days Payable Distribution in the Transportation Industry

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

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

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Frontier Group 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.

Frontier Group Holdings's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (134	+	115)	/	2 )	/	3588	*	365
=	124.5					/	3588	*	365
=	12.67

Frontier Group Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (128	+	115)	/	2 )	/	919	*	365 / 4
=	121.5					/	919	*	365 / 4
=	12.06

Frontier Group Holdings Days Payable Related Terms

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Frontier Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Group Holdings Inc (NAS:ULCC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0VN:Germany

Address

4545 Airport Way, Denver, CO, USA, 80239

Website

https://www.flyfrontier.com

Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. Majority of revenue is from Domestic flight follow by International.

Executives

Howard Diamond	officer: SVP, GC & Secretary	C/O FRONTIER AIRLINES, 7001 TOWER ROAD, DENVER CO 80249
Mark Christopher Mitchell	officer: Chief Accounting Officer	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
James G. Dempsey	officer: EVP & Chief Financial Officer	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Josh A Wetzel	officer: VP & CAO	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239
Barry Biffle	director, officer: See Remarks	C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 30325
Josh T. Connor	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Rajat Khanna	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239
Jacob F. Filene	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Daniel M. Shurz	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Ofelia Kumpf	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Robert J. Genise	director	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238
Indigo Frontier Holdings Company, Llc	10 percent owner	C/O INDIGO PARTNERS, 2525 EAST CAMELBACK ROAD, SUITE 900, PHOENIX AZ 85016
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
William A Franke	director, 10 percent owner
Trevor J. Stedke	officer: See Remarks	C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238