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Southwest Airlines Co (NYSE:LUV)
Days Payable
72.33 (As of Sep. 2015)

Southwest Airlines Co's payable for the three months ended in Sep. 2015 was $1,235 Mil. Southwest Airlines Co's cost of goods sold for the three months ended in Sep. 2015 was $1,558 Mil. Hence, Southwest Airlines Co's days payable for the three months ended in Sep. 2015 was 72.33.

LUV' s Days Payable Range Over the Past 10 Years
Min: 5.85   Max: 106.96
Current: 10.79

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 52.57.

LUV's Days Payable is ranked lower than
90% of the 59 Companies
in the Global Airlines industry.

( Industry Median: 49.81 vs. LUV: 10.79 )

Southwest Airlines Co's days payable increased from Sep. 2014 (8.65) to Sep. 2015 (72.33). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=123/7677*365
=5.85

Southwest Airlines Co's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1235/1558*365 / 4
=72.33

* 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 0.00106.9667.3958.3450.3449.057.3454.795.8510.78

Southwest Airlines Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 49.2058.5362.039.938.656.4472.0164.5572.3311.50
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