Delta Air Lines Inc (DAL)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.45 | 7.43 | 5.56 | 4.41 | 9.62 | |
| Number of days of payables | days | 48.99 | 49.13 | 65.65 | 82.80 | 37.95 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.45
= 48.99
Delta Air Lines Inc's number of days of payables has exhibited fluctuations over the past five years. At the end of December 31, 2020, the company took about 37.95 days to pay its payables, indicating relatively efficient management of its accounts payable. However, by December 31, 2021, this number had significantly increased to 82.80 days, suggesting that Delta was taking longer to pay its suppliers or vendors.
In the subsequent years, Delta's number of days of payables improved compared to 2021 but remained above the 2020 level. By December 31, 2022, the number stood at 65.65 days, showing some progress in managing payables more efficiently. This trend continued in 2023, with the number decreasing to 49.13 days, indicating further improvement in the company's management of payables.
As of December 31, 2024, Delta Air Lines Inc's number of days of payables remained relatively stable at 48.99 days, suggesting that the company had maintained its efficiency in managing accounts payable.
Overall, Delta's number of days of payables reflected fluctuations, with an initial increase in 2021 followed by improvements in subsequent years, eventually stabilizing around the level observed in 2024. This analysis indicates Delta's ability to manage its payables effectively and could be an important factor to consider when evaluating the company's liquidity and financial health.
Peer comparison
Dec 31, 2024