JETBF (Global Crossing Airlines Group) Days Payable : 21.82 (As of Jun. 2024)

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What is Global Crossing Airlines Group Days Payable?

Global Crossing Airlines Group's average Accounts Payable for the three months ended in Jun. 2024 was $11.0 Mil. Global Crossing Airlines Group's Cost of Goods Sold for the three months ended in Jun. 2024 was $46.0 Mil. Hence, Global Crossing Airlines Group's Days Payable for the three months ended in Jun. 2024 was 21.82.

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

JETBF' s Days Payable Range Over the Past 10 Years
Min: 14.09 Med: 112.47 Max: 15038
Current: 19.51

During the past 13 years, Global Crossing Airlines Group's highest Days Payable was 15038.00. The lowest was 14.09. And the median was 112.47.

JETBF's Days Payable is ranked worse than
82.26% of 936 companies
in the Transportation industry
Industry Median: 37.515 vs JETBF: 19.51

Global Crossing Airlines Group's Days Payable increased from Jun. 2023 (21.46) to Jun. 2024 (21.82). It may suggest that Global Crossing Airlines Group delayed paying its suppliers.

Global Crossing Airlines Group Days Payable Historical Data

The historical data trend for Global Crossing Airlines Group'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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Global Crossing Airlines Group Days Payable Chart

Global Crossing Airlines Group Annual Data

Trend

Apr14

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.30

990.04

28.18

14.33

15.33

Global Crossing Airlines Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															21.46	22.09	15.99	18.24	21.82

Competitive Comparison of Global Crossing Airlines Group's Days Payable

For the Airlines subindustry, Global Crossing Airlines Group'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.

Global Crossing Airlines Group's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Global Crossing Airlines Group's Days Payable falls into.

Global Crossing Airlines Group 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.

Global Crossing Airlines Group'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
=	( (4.997	+	7.481)	/	2 )	/	148.567	*	365
=	6.239					/	148.567	*	365
=	15.33

Global Crossing Airlines Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (11.999	+	9.982)	/	2 )	/	45.954	*	365 / 4
=	10.9905					/	45.954	*	365 / 4
=	21.82

Global Crossing Airlines Group Days Payable Related Terms

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Global Crossing Airlines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (OTCPK:JETBF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

JETMF:USA JET.B:Canada JET:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.