Allegiant Travel Company (ALGT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.00 | 19.35 | 15.18 | 27.86 | 33.21 | |
| Number of days of payables | days | 14.60 | 18.86 | 24.05 | 13.10 | 10.99 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.00
= 14.60
Allegiant Travel Company's number of days of payables has exhibited fluctuations over the years. As of December 31, 2020, the company had an average payment period of 10.99 days, indicating a relatively prompt payment cycle. However, by December 31, 2022, this metric had increased significantly to 24.05 days, suggesting a longer duration for settling payables. Subsequently, by December 31, 2024, Allegiant Travel Company managed to reduce its number of days of payables to 14.60 days, indicating an improvement in its payment efficiency compared to 2022. Overall, monitoring this trend can provide insights into the company's cash management practices and relationships with suppliers over time.
Peer comparison
Dec 31, 2024