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Southwest Airlines Co (NYSE:LUV)
Days Payable
73.36 (As of Jun. 2016)

Southwest Airlines Co's payable for the three months ended in Jun. 2016 was $1,247 Mil. Southwest Airlines Co's cost of goods sold for the three months ended in Jun. 2016 was $1,551 Mil. Hence, Southwest Airlines Co's days payable for the three months ended in Jun. 2016 was 73.36.

LUV' s Days Payable Range Over the Past 10 Years
Min: 5.85   Max: 106.96
Current: 75.91

5.85
106.96

During the past 13 years, Southwest Airlines Co's highest Days Payable was 106.96. The lowest was 5.85. And the median was 49.70.

LUV's Days Payable is ranked higher than
68% of the 57 Companies
in the Global Airlines industry.

( Industry Median: 56.90 vs. LUV: 75.91 )

Southwest Airlines Co's days payable increased from Jun. 2015 (64.55) to Jun. 2016 (73.36). It may suggest that Southwest Airlines Co delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Southwest Airlines Co's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=178/6025*365
=10.78

Southwest Airlines Co's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1247/1551*365 / 4
=73.36

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Southwest Airlines Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 44.81106.9667.3958.3450.3449.057.3454.795.8510.78

Southwest Airlines Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 62.039.938.656.4472.0164.5572.3311.5011.8273.36
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