Switch to:
Spirit Airlines Inc (NAS:SAVE)
Days Payable
6.40 (As of Sep. 2015)

Spirit Airlines Inc's payable for the three months ended in Sep. 2015 was $16 Mil. Spirit Airlines Inc's cost of goods sold for the three months ended in Sep. 2015 was $225 Mil. Hence, Spirit Airlines Inc's days payable for the three months ended in Sep. 2015 was 6.40.

SAVE' s Days Payable Range Over the Past 10 Years
Min: 4.95   Max: 16.35
Current: 6.34

4.95
16.35

During the past 7 years, Spirit Airlines Inc's highest Days Payable was 16.35. The lowest was 4.95. And the median was 11.45.

SAVE's Days Payable is ranked lower than
95% of the 59 Companies
in the Global Airlines industry.

( Industry Median: 49.81 vs. SAVE: 6.34 )

Spirit Airlines Inc's days payable increased from Sep. 2014 (6.09) to Sep. 2015 (6.40). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=13.402/987.807*365
=4.95

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.823/225.474*365 / 4
=6.40

* 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

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.000.0016.2916.3511.459.8312.039.754.95

Spirit Airlines Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 9.868.389.469.558.036.095.225.878.426.40
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK