Southwest Airlines Company (LUV)

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 12.13 14.73 10.88 11.07 11.29 11.62 10.55 11.23 9.25 11.28 8.66 9.28 10.95 10.20 8.28 9.71 12.17 13.13 14.37 14.61
Number of days of payables days 30.08 24.78 33.55 32.98 32.33 31.41 34.60 32.49 39.44 32.34 42.13 39.34 33.34 35.79 44.10 37.61 30.00 27.79 25.41 24.98

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.13
= 30.08

The number of days of payables for Southwest Airlines Company has shown fluctuations over the years based on the provided data. As of December 31, 2024, the company took approximately 30.08 days to pay its creditors, indicating a relatively stable payment pattern compared to the previous quarters.

It is worth noting that the number of days of payables ranged between 24.78 days to 44.10 days during the period from March 31, 2020, to December 31, 2024. The highest number of days of payables was observed on June 30, 2021, at 44.10 days, which may suggest a delay in payments to suppliers or changes in the company's payment policies.

Overall, the trend in the number of days of payables for Southwest Airlines Company shows some variability, but as of the most recent data point on December 31, 2024, the company's payment period seems to have stabilized around 30.08 days. This metric is crucial for assessing the company's efficiency in managing its payables and its relationship with suppliers.