American Airlines Group (AAL)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Payables turnover		14.60	13.71	11.96	12.10	14.86	16.42	14.53	14.59	16.24	15.86	11.39	11.03	14.61	12.48	9.77	11.64	17.24	15.09	15.67	13.05
Number of days of payables	days	24.99	26.62	30.52	30.16	24.56	22.22	25.12	25.01	22.47	23.01	32.05	33.08	24.98	29.26	37.37	31.34	21.18	24.19	23.30	27.97

December 31, 2024 calculation

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

The number of days of payables for American Airlines Group has shown some fluctuations over the periods presented. The company's payables were at 27.97 days as of March 31, 2020, and gradually decreased to a low of 21.18 days by December 31, 2020. Subsequently, there was an increase to 37.37 days by June 30, 2021, indicating a longer time the company took to pay its obligations.

However, the number of days of payables decreased again to 22.47 days by December 31, 2022, before increasing slightly to 30.52 days by June 30, 2024. Overall, the trend in the number of days of payables suggests some variability in the company's payment cycles. It is essential to closely monitor this metric to assess the efficiency of American Airlines Group's working capital management and vendor relationships.