VSE (VSEC) Days Payable

: 68.01 (As of Dec. 2023)

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VSE's average Accounts Payable for the three months ended in Dec. 2023 was $155.4 Mil. VSE's Cost of Goods Sold for the three months ended in Dec. 2023 was $208.5 Mil. Hence, VSE's Days Payable for the three months ended in Dec. 2023 was 68.01.

The historical rank and industry rank for VSE's Days Payable or its related term are showing as below:

VSEC' s Days Payable Range Over the Past 10 Years
Min: 26.42 Med: 40.07 Max: 72.61
Current: 60.28

During the past 13 years, VSE's highest Days Payable was 72.61. The lowest was 26.42. And the median was 40.07.

VSEC's Days Payable is ranked worse than
56.38% of 298 companies
in the Aerospace & Defense industry
Industry Median: 77.655 vs VSEC: 60.28

VSE's Days Payable declined from Dec. 2022 (73.27) to Dec. 2023 (68.01). It may suggest that VSE accelerated paying its suppliers.

VSE Days Payable Historical Data

The historical data trend for VSE's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

VSE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.28

42.55

71.29

72.61

71.95

VSE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															73.27	52.40	61.41	54.33	68.01

Competitive Comparison

For the Aerospace & Defense subindustry, VSE's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VSE Days Payable Distribution

For the Aerospace & Defense industry and Industrials sector, VSE's Days Payable distribution charts can be found below:

* The bar in red indicates where VSE's Days Payable falls into.

VSE Days Payable Calculation

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

VSE's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (128.504	+	173.036)	/	2 )	/	764.873	*	365
=	150.77					/	764.873	*	365
=	71.95

VSE's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (137.788	+	173.036)	/	2 )	/	208.508	*	365 / 4
=	155.412					/	208.508	*	365 / 4
=	68.01

VSE Days Payable Related Terms

Thank you for viewing the detailed overview of VSE's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

VSE (VSEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » VSE Corp (NAS:VSEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VS3:Germany

Address

6348 Walker Lane, Alexandria, VA, USA, 22310

Website

https://www.vsecorp.com

VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. It also provide vehicle and equipment refurbishment, logistics, engineering support, data management and healthcare IT solutions, and clean energy consulting services. The company operating segments are Aviation, Fleet and Federal and Defense.

Executives

Edward P Dolanski	director	5158 MOHAWK DRIVE, FRISCO TX 75034
John E Potter	director	9009 FALLS CHAPEL WAY, POTOMAC MD 20854-2387
James F Lafond	director	4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Calvin Scott Koonce	director	6229 EXECUTIVE BOULEVARD, ROCKVILLE MD 20852
Bonnie K Wachtel	director	1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Ralph E Eberhart	director	909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Ferguson Iii Mark E	director	1444 CLONCURRY ROAD, NORFOLK VA 23505
Anita D Britt	director	3000 NW 107TH AVENUE, MIAMI FL 33172
Lloyd Emerson Johnson	director	16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Benjamin E. Thomas	officer: President, VSE Aviation, Inc.	3361 ENTERPRISE WAY, MIRAMAR FL 33025
Stephen D. Griffin	officer: Sr. VP and CFO	6348 WALKER LANE, ALEXANDRIA VA 22310
Farinaz S Tehrani	officer: Chief Legal Officer	180 EAST BROAD STREET, COLUMBUS OH 43215
Moore Robert Andrew Iii	officer: President, Federal & Defense	6348 WALKER LANE, ALEXANDRIA VA 22310
John A Cuomo	director, officer: CEO and President	6348 WALKER LANE, ALEXANDRIA VA 22310
Chad Wheeler	officer: President, Wheeler Fleet	384 DRUM AVENUE, SOMERSET PA 15501