Allegiant Travel Company (ALGT)

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 25.00 22.05 16.77 16.34 19.35 17.79 14.93 13.98 15.18 19.48 16.86 19.52 27.86 30.80 17.67 25.60 33.41 18.67 24.15 20.40
Number of days of payables days 14.60 16.55 21.76 22.34 18.86 20.51 24.45 26.10 24.05 18.74 21.65 18.70 13.10 11.85 20.66 14.26 10.93 19.55 15.11 17.89

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.00
= 14.60

The number of days of payables for Allegiant Travel Company has shown fluctuating trends over the past few years based on the provided data. From December 31, 2020, to December 31, 2023, there was a gradual increase in the number of days of payables, reaching a peak of 26.10 days on March 31, 2023. This indicates that Allegiant Travel Company took longer to pay its suppliers during this period.

However, from March 31, 2023, to September 30, 2024, there was a slight decline in the number of days of payables, showing some improvement in the company's payables management. The number of days of payables decreased from 26.10 days on March 31, 2023, to 16.55 days on September 30, 2024.

Overall, Allegiant Travel Company's number of days of payables reveals some variability in how quickly the company pays its suppliers. This metric is important for understanding the efficiency of the company's working capital management and its relationships with its vendors and creditors.