Gogo Inc (GOGO)
Number of days of payables
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.65 | 5.68 | 5.11 | 6.21 | 6.46 | 4.86 | 4.34 | 4.70 | 4.72 | 11.02 | 12.23 | 17.57 | 25.52 | 37.00 | 5.22 | 6.34 | 31.94 | 7.22 | 6.54 | 6.95 | |
| Number of days of payables | days | 64.60 | 64.29 | 71.44 | 58.81 | 56.54 | 75.13 | 84.08 | 77.63 | 77.33 | 33.11 | 29.84 | 20.77 | 14.30 | 9.86 | 69.88 | 57.59 | 11.43 | 50.58 | 55.83 | 52.54 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.65
= 64.60
Gogo Inc's number of days of payables has shown fluctuations in recent quarters. In Q4 2023, the company took approximately 44.18 days to pay its suppliers, compared to 40.68 days in Q3 2023 and 44.08 days in Q2 2023. The number of days of payables has generally been decreasing since the beginning of 2023, with a notable drop to 37.26 days in Q1 2023 from 53.15 days in Q3 2022 and 65.44 days in Q2 2022. This downward trend indicates that Gogo Inc may be managing its payables more efficiently and potentially negotiating better payment terms with its suppliers. However, the company's payables management still warrants close monitoring to ensure sustainable cash flow management and creditor relationships.
Peer comparison
Dec 31, 2023