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Spirit Airlines Inc (NAS:SAVE)
Days Payable
10.83 (As of Mar. 2016)

Spirit Airlines Inc's payable for the three months ended in Mar. 2016 was $23 Mil. Spirit Airlines Inc's cost of goods sold for the three months ended in Mar. 2016 was $194 Mil. Hence, Spirit Airlines Inc's days payable for the three months ended in Mar. 2016 was 10.83.

SAVE' s Days Payable Range Over the Past 10 Years
Min: 4.95   Max: 16.35
Current: 9.73

4.95
16.35

During the past 8 years, Spirit Airlines Inc's highest Days Payable was 16.35. The lowest was 4.95. And the median was 10.63.

SAVE's Days Payable is ranked lower than
92% of the 61 Companies
in the Global Airlines industry.

( Industry Median: 51.24 vs. SAVE: 9.73 )

Spirit Airlines Inc's days payable increased from Mar. 2015 (5.87) to Mar. 2016 (10.83). It may suggest that Spirit Airlines Inc 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.

Spirit Airlines Inc'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
=17.043/884.503*365
=7.03

Spirit Airlines Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=23.017/193.931*365 / 4
=10.83

* 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.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.000.0016.2916.3511.459.8112.039.754.957.03

Spirit Airlines Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 9.469.558.036.095.225.878.426.407.4610.83
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