Delta Air Lines Inc (DAL)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		7.39	7.43	5.97	6.05	6.31	5.56	5.25	4.36	4.28	4.42	4.35	5.27	6.27	8.06	10.63	10.27	7.55	7.86	8.05	8.30
Number of days of payables	days	49.38	49.13	61.15	60.37	57.81	65.66	69.55	83.73	85.28	82.60	83.98	69.20	58.20	45.29	34.32	35.55	48.35	46.41	45.34	43.97

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.39
= 49.38

The number of days of payables for Delta Air Lines Inc has fluctuated over the past few quarters. The trend indicates that the company took longer to pay its creditors in the first half of 2022, with the number of days of payables peaking at 85.28 days in March 2022. However, as of March 31, 2024, the number of days of payables stood at 49.38 days, which is a decrease from the previous quarter. This suggests that the company has been managing its payables more efficiently in recent periods. Overall, monitoring the number of days of payables can provide insights into the company's liquidity management and relationships with suppliers.