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GuruFocus has detected 2 Warning Signs with Spirit Airlines Inc $SAVE.
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Spirit Airlines Inc (NAS:SAVE)
Days Payable
5.75 (As of Dec. 2016)

Spirit Airlines Inc's payable for the three months ended in Dec. 2016 was $15 Mil. Spirit Airlines Inc's cost of goods sold for the three months ended in Dec. 2016 was $241 Mil. Hence, Spirit Airlines Inc's days payable for the three months ended in Dec. 2016 was 5.75.

SAVE' s Days Payable Range Over the Past 10 Years
Min: 4.95   Max: 16.35
Current: 6.17

4.95
16.35

During the past 9 years, Spirit Airlines Inc's highest Days Payable was 16.35. The lowest was 4.95. And the median was 9.83.

SAVE's Days Payable is ranked lower than
92% of the 53 Companies
in the Global Airlines industry.

( Industry Median: 51.56 vs. SAVE: 6.17 )

Spirit Airlines Inc's days payable declined from Dec. 2015 (7.46) to Dec. 2016 (5.75). It may suggest that Spirit Airlines Inc accelerated 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.193/899.494*365
=6.17

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=15.193/240.937*365 / 4
=5.75

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Spirit Airlines Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.0016.2916.3511.489.8312.039.754.957.036.17

Spirit Airlines Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 6.095.225.878.426.407.4610.8311.3111.325.75
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