American Airlines Group (AAL)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		14.60	14.86	16.24	14.61	17.19
Number of days of payables	days	24.99	24.56	22.47	24.98	21.23

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.60
= 24.99

American Airlines Group's number of days of payables has shown a slight increase over the five-year period from 2020 to 2024. Starting at 21.23 days in December 31, 2020, it increased to 24.98 days by December 31, 2021, before experiencing some fluctuations between 22.47 days and 24.99 days in the subsequent years. This indicates that the company takes approximately 22 to 25 days to pay off its creditors on average. The slight increase in the number of days of payables may suggest that American Airlines Group is taking slightly longer to settle its outstanding payables, which could impact its cash flow management and relationships with suppliers over time.