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Air T Inc  (NAS:AIRT) Days Payable: 29.74 (As of Mar. 2017)

Air T Inc's payable for the three months ended in Mar. 2017 was $11.6 Mil. Air T Inc's Cost of Goods Sold for the three months ended in Mar. 2017 was $35.5 Mil. Hence, Air T Inc's days payable for the three months ended in Mar. 2017 was 29.74.

NAS:AIRT' s Days Payable Range Over the Past 10 Years
Min: 14.83   Max: 35.45
Current: 35.45

14.83
35.45

During the past 13 years, Air T Inc's highest Days Payable was 35.45. The lowest was 14.83. And the median was 25.71.

NAS:AIRT's Days Payable is ranked lower than
99.99% of the 517 Companies
in the Global industry.

( Industry Median: 39.12 vs. NAS:AIRT: 35.45 )

Air T Inc's days payable increased from Mar. 2016 (21.59) to Mar. 2017 (29.74). It may suggest that Air T Inc delayed paying its suppliers.


Historical Data

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

* Premium members only.

Air T Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.68 27.74 18.20 20.95 33.75

Air T Inc Quarterly Data

Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.59 34.95 29.91 28.85 29.74

Competitive Comparison
* 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.


Calculation

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.

Air T Inc's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=11.571/125.142*365
=33.75

Air T Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=11.571/35.505*365 / 4
=29.74

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


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