Allegiant Travel Company (ALGT)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		19.35	15.18	27.86	33.21	40.23
Number of days of payables	days	18.86	24.05	13.10	10.99	9.07

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.35
= 18.86

To calculate Allegiant Travel's number of days of payables, we need to determine the average payment period the company takes to settle its trade payables. This metric gives insights into the efficiency of managing supplier obligations.

To compute the number of days of payables, we can use the formula:
Number of days of payables = (Accounts Payable / Cost of Goods Sold) * 365

However, without specific data on accounts payable and cost of goods sold for each year provided in the table, it is not possible to calculate the exact number of days of payables for Allegiant Travel.

To conduct a comprehensive analysis, we would need access to Allegiant Travel's financial statements for the respective years or additional information on their accounts payable turnover. By examining this metric over multiple years, we could assess trends in how quickly the company is paying its suppliers and whether there have been any significant changes in its payment practices. Monitoring this ratio can also help evaluate the company's liquidity and working capital management strategies.