FTWS (Flitways Technology) Days Payable: 2,814.23 (As of Mar. 2019)


What is Flitways Technology Days Payable?

Flitways Technology FTWS -90.00% Days Payable is 2,814.23 as of Mar. 2019.

Flitways Technology's average Accounts Payable for the three months ended in Mar. 2019 was $0.68 Mil. Flitways Technology's Cost of Goods Sold for the three months ended in Mar. 2019 was $0.02 Mil. Hence, Flitways Technology's Days Payable for the three months ended in Mar. 2019 was 2,814.23.

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

FTWS's Days Payable is not ranked *
in the Software industry.
Industry Median: 53.955
* Ranked among companies with meaningful Days Payable only.

Flitways Technology's Days Payable increased from Mar. 2018 (184.27) to Mar. 2019 (2,814.23). It may suggest that Flitways Technology delayed paying its suppliers.

Flitways Technology Days Payable Historical Data

* Premium members only.

The historical data trend for Flitways Technology'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.

Flitways Technology Days Payable Chart

Flitways Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial 0.00 57.92 69.69 127.83 238.29

Flitways Technology Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Sep19
Days Payable Get a 7-Day Free Trial 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 121.62 0.00 185.16 2,814.23 0.00

FTWS vs MPAY, YPPN, DRSV: Days Payable Comparison

For the Software - Application subindustry, Flitways Technology'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.

Flitways Technology Days Payable vs Software Industry

For the Software industry and Technology sector, Flitways Technology's Days Payable distribution charts can be found below:

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


Flitways Technology 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.

Flitways Technology's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.727 + 0.674) / 2 ) / 1.073*365
=0.7005 / 1.073*365
=238.29

Flitways Technology's Days Payable for the quarter that ended in Mar. 2019 is calculated as:

Days Payable (Q: Mar. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2018 ) + Accounts Payable (Q: Mar. 2019 )) / count ) / Cost of Goods Sold (Q: Mar. 2019 )*Days in Period
=( (0.674 + 0.683) / 2 ) / 0.022*365 / 4
=0.6785 / 0.022*365 / 4
=2,814.23

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2,814.23 mean?
Flitways Technology (FTWS) has a Days Payable of 2,814.23 as of Mar. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Flitways Technology and its competitors.
Is Flitways Technology's Days Payable too high?
Flitways Technology's current Days Payable is 2,814.23. The Software industry median Days Payable is 53.96. Flitways Technology's value of 2,814.23 is 5115.9% above this industry median.
How does Flitways Technology's Days Payable compare to MPAY and YPPN?
Flitways Technology's Days Payable of 2,814.23 can be compared against companies in the Software industry. The industry median Days Payable is 53.96. Flitways Technology's value of 2,814.23 is 5115.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.96, based on 2,604 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flitways Technology's current Days Payable of 2,814.23 is 5115.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Flitways Technology and its competitors. For the Software industry, the median Days Payable is 53.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flitways Technology's current Days Payable is 2,814.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flitways Technology stock overvalued right now?
Flitways Technology (FTWS) has a current Days Payable of 2,814.23. The current Days Payable is 2,814.23 and 5115.9% above the Software industry median of 53.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Flitways Technology (FTWS), the current Days Payable is 2,814.23 as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Flitways Technology Business Description

Address 600 Corporate Pointe, Suite 5500, Culver City, CA, USA, 90230
Flitways Technology Inc is engaged in the business of transportation. Its main mission is to provide both corporate enterprises and their employees and travel resellers and their customers with a complete offering of fully integrated ground transportation solutions for any budget or need. Further, the company has created a software platform to give customers enterprise suite and app-based booking, billing, expense management and real-time monitoring for a simple to use ground transportation offering. It has one operating segment that is on-demand transportation business.