Air Asia Co (TPE:2630) Days Payable : 29.71 (As of Mar. 2024)

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What is Air Asia Co Days Payable?

Air Asia Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$374 Mil. Air Asia Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,149 Mil. Hence, Air Asia Co's Days Payable for the three months ended in Mar. 2024 was 29.71.

The historical rank and industry rank for Air Asia Co's Days Payable or its related term are showing as below:

TPE:2630' s Days Payable Range Over the Past 10 Years
Min: 11.1 Med: 26.71 Max: 35.92
Current: 35.92

During the past 10 years, Air Asia Co's highest Days Payable was 35.92. The lowest was 11.10. And the median was 26.71.

TPE:2630's Days Payable is ranked worse than
84.62% of 299 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs TPE:2630: 35.92

Air Asia Co's Days Payable declined from Dec. 2022 (37.66) to Mar. 2024 (29.71). It may suggest that Air Asia Co accelerated paying its suppliers.

Air Asia Co Days Payable Historical Data

The historical data trend for Air Asia Co'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.

Air Asia Co Days Payable Chart

Air Asia Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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26.10

29.14

31.02

26.92

30.96

Air Asia Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															37.66	30.68	22.54	28.61	29.71

Competitive Comparison of Air Asia Co's Days Payable

For the Aerospace & Defense subindustry, Air Asia Co'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.

Air Asia Co's Days Payable Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Air Asia Co's Days Payable falls into.

Air Asia Co 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.

Air Asia Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (258.394	+	389.356)	/	2 )	/	3818.161	*	365
=	323.875					/	3818.161	*	365
=	30.96

Air Asia Co'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (370.868	+	377.436)	/	2 )	/	1149.251	*	365 / 4
=	374.152					/	1149.251	*	365 / 4
=	29.71

Air Asia Co Days Payable Related Terms

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Air Asia Co (TPE:2630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Asia Co Ltd (TPE:2630) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1050, Jichang Road, Rende District, Tainan, TWN, 71755

Website

http://www.airasia.com.tw

Air Asia Co Ltd is Taiwan based company. The company is engaged in maintenance, renovation, upgrades and integrated logistic support services for the aircraft and related components. The primary geographical markets of the company are Taiwan, Asia and others with the majority of the revenue earned in Taiwan.

Air Asia Co (TPE:2630) Headlines

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