Southwest Airlines Company (LUV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.29 | 9.25 | 10.95 | 12.17 | 9.84 | |
| Number of days of payables | days | 32.33 | 39.44 | 33.34 | 30.00 | 37.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.29
= 32.33
To calculate the number of days of payables for Southwest Airlines Co in the given years, we need additional information such as accounts payable and purchases. The number of days of payables is a financial metric that shows the average number of days a company takes to pay its suppliers for purchases made on credit.
Without the specific data for accounts payable and purchases, it is not possible to calculate the number of days of payables for Southwest Airlines Co. This metric is important as it indicates how efficient a company is in managing its payments to suppliers. A decreasing number of days of payables may suggest that the company is paying its suppliers more quickly, while an increasing number may indicate that the company is taking longer to settle its payables.
It is recommended to review Southwest Airlines Co's financial statements or obtain more detailed financial data to perform a thorough analysis of their number of days of payables over the years provided.
Peer comparison
Dec 31, 2023