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GuruFocus has detected 3 Warning Signs with Air T Inc $AIRT.
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Air T Inc (NAS:AIRT)
Days Payable
28.85 (As of Dec. 2016)

Air T Inc's payable for the three months ended in Dec. 2016 was $9.1 Mil. Air T Inc's cost of goods sold for the three months ended in Dec. 2016 was $28.6 Mil. Hence, Air T Inc's days payable for the three months ended in Dec. 2016 was 28.85.

AIRT' s Days Payable Range Over the Past 10 Years
Min: 14.83   Max: 36.37
Current: 29.19

14.83
36.37

During the past 13 years, Air T Inc's highest Days Payable was 36.37. The lowest was 14.83. And the median was 25.71.

AIRT's Days Payable is ranked lower than
62% of the 489 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 37.49 vs. AIRT: 29.19 )

Air T Inc's days payable increased from Dec. 2015 (13.63) to Dec. 2016 (28.85). It may suggest that Air T 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.

Air T Inc's Days Payable for the fiscal year that ended in Mar. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=7.004/122.011*365
=20.95

Air T 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
=9.055/28.636*365 / 4
=28.85

* 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.

Air T Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
DaysPayable 36.3732.6515.2514.8332.2328.9623.6827.7418.2020.95

Air T Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 18.2522.7519.2725.1520.0013.6321.5934.9529.9128.85
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