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Jet AI (Jet AI) Days Payable : 34.95 (As of Mar. 2024)


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What is Jet AI Days Payable?

Jet AI's average Accounts Payable for the three months ended in Mar. 2024 was $1.52 Mil. Jet AI's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.97 Mil. Hence, Jet AI's Days Payable for the three months ended in Mar. 2024 was 34.95.

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

JTAIZ' s Days Payable Range Over the Past 10 Years
Min: 4.97   Med: 27.98   Max: 78.12
Current: 49.44

During the past 3 years, Jet AI's highest Days Payable was 78.12. The lowest was 4.97. And the median was 27.98.

JTAIZ's Days Payable is ranked worse than
50.16% of 2524 companies
in the Software industry
Industry Median: 49.575 vs JTAIZ: 49.44

Jet AI's Days Payable increased from Mar. 2023 (11.88) to Mar. 2024 (34.95). It may suggest that Jet AI delayed paying its suppliers.

Jet AI Days Payable Historical Data

The historical data trend for Jet AI'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.

Jet AI Days Payable Chart

Jet AI Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
78.12 4.97 27.98

Jet AI Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.88 - 82.23 48.69 34.95

Competitive Comparison of Jet AI's Days Payable

For the Software - Application subindustry, Jet AI'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.

Jet AI's Days Payable Distribution in the Software Industry

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

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


Jet AI 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.

Jet AI'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
=( (0.243 + 1.657) / 2 ) / 12.394*365
=0.95 / 12.394*365
=27.98

Jet AI's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1.657 + 1.386) / 2 ) / 3.973*365 / 4
=1.5215 / 3.973*365 / 4
=34.95

* 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.

Jet AI Days Payable Related Terms

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Jet AI (Jet AI) Business Description

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Traded in Other Exchanges
JTAI:USA
Address
10845 Griffith Peak Drive, Suite 200, Las Vegas, NV, USA, 89135
Website
https://www.jettoken.com
Jet AI Inc is principally involved in the sale of jet cards, which enable holders to use certain aircraft owned, leased by, arranged and/or managed by Jet Token and others at agreed-upon rates, as well as the sale of fractional interests in aircraft; and the operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third party carriers as well as via Jet Token's leased and managed aircraft.