GE Aerospace (XPAR:GNE) Days Payable

: 68.47 (As of Dec. 2023)

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GE Aerospace's average Accounts Payable for the three months ended in Dec. 2023 was €9,906 Mil. GE Aerospace's Cost of Goods Sold for the three months ended in Dec. 2023 was €13,201 Mil. Hence, GE Aerospace's Days Payable for the three months ended in Dec. 2023 was 68.47.

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

XPAR:GNE' s Days Payable Range Over the Past 10 Years
Min: 56.82 Med: 75.63 Max: 137.58
Current: 82.58

During the past 13 years, GE Aerospace's highest Days Payable was 137.58. The lowest was 56.82. And the median was 75.63.

XPAR:GNE's Days Payable is ranked better than
53.2% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.56 vs XPAR:GNE: 82.58

GE Aerospace's Days Payable declined from Dec. 2022 (104.81) to Dec. 2023 (68.47). 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

86.84

111.83

132.65

104.13

76.08

GE Aerospace Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																104.81	107.18	95.15	74.51	68.47

Competitive Comparison

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 Days Payable Distribution

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
=	( (9471.152	+	9791.726)	/	2 )	/	46209.464	*	365
=	9631.439					/	46209.464	*	365
=	76.08

GE Aerospace's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10019.341	+	9791.726)	/	2 )	/	13201.132	*	365 / 4
=	9905.5335					/	13201.132	*	365 / 4
=	68.47

GE Aerospace Days Payable Related Terms

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GE Aerospace (XPAR:GNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GE Aerospace (XPAR:GNE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GE:USA GE:Peru GE:Mexico 1GE:Italy GEC:UK GCP:Germany GE:Chile GE:Switzerland GEOO34:Brazil GE:Argentina

Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.