Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Days Payable

: 64.08 (As of Dec. 2023)

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Spirit AeroSystems Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $1,069 Mil. Spirit AeroSystems Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,522 Mil. Hence, Spirit AeroSystems Holdings's Days Payable for the three months ended in Dec. 2023 was 64.08.

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

SPR' s Days Payable Range Over the Past 10 Years
Min: 37.49 Med: 50.1 Max: 76.75
Current: 62.23

During the past 13 years, Spirit AeroSystems Holdings's highest Days Payable was 76.75. The lowest was 37.49. And the median was 50.10.

SPR's Days Payable is ranked worse than
55.56% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.35 vs SPR: 62.23

Spirit AeroSystems Holdings's Days Payable increased from Dec. 2022 (58.89) to Dec. 2023 (64.08). It may suggest that Spirit AeroSystems Holdings delayed paying its suppliers.

Spirit AeroSystems Holdings Days Payable Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

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Spirit AeroSystems Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

52.73

76.75

57.35

60.09

63.31

Spirit AeroSystems Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																58.89	59.51	62.86	61.28	64.08

Competitive Comparison

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.

Spirit AeroSystems Holdings Days Payable Distribution

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

* The bar in red indicates where Spirit AeroSystems Holdings's Days Payable falls into.

Spirit AeroSystems Holdings 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.

Spirit AeroSystems Holdings'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
=	( (919.8	+	1106.8)	/	2 )	/	5841.7	*	365
=	1013.3					/	5841.7	*	365
=	63.31

Spirit AeroSystems Holdings'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
=	( (1030.3	+	1106.8)	/	2 )	/	1521.5	*	365 / 4
=	1068.55					/	1521.5	*	365 / 4
=	64.08

Spirit AeroSystems Holdings Days Payable Related Terms

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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (NYSE:SPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

S9Q:Germany

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Executives

Alan W Young	officer: SVP Fab & Procurement Officer	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black	officer: SVP, Engineering	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters	officer: SVP, GC/Corp Sec	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner	officer: SVP, CAO & CCO	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos	officer: SVP, Defense & Space	3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy	officer: SVP, Aftermarket	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson	director	HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii	director	3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan	director	C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George	officer: SVP, Boeing 737 Program	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward	officer: Interim Corporate Controller	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone	director	3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr	officer: SVP, Wichita & Oklahoma Ops	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty	officer: SVP, Airbus Programs	3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210