SKYX (SKYX Platforms) Days Payable : 75.87 (As of Dec. 2024)

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What is SKYX Platforms Days Payable?

SKYX Platforms's average Accounts Payable for the three months ended in Dec. 2024 was $15.04 Mil. SKYX Platforms's Cost of Goods Sold for the three months ended in Dec. 2024 was $18.09 Mil. Hence, SKYX Platforms's Days Payable for the three months ended in Dec. 2024 was 75.87.

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

SKYX' s Days Payable Range Over the Past 10 Years
Min: 64.21 Med: 731.45 Max: 28306.71
Current: 80.74

During the past 10 years, SKYX Platforms's highest Days Payable was 28306.71. The lowest was 64.21. And the median was 731.45.

SKYX's Days Payable is ranked better than
52.81% of 2922 companies
in the Industrial Products industry
Industry Median: 76.025 vs SKYX: 80.74

SKYX Platforms's Days Payable increased from Dec. 2023 (68.03) to Dec. 2024 (75.87). It may suggest that SKYX Platforms delayed paying its suppliers.

SKYX Platforms Days Payable Historical Data

The historical data trend for SKYX Platforms'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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SKYX Platforms Days Payable Chart

SKYX Platforms Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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731.45

4,158.10

28,306.71

64.21

75.81

SKYX Platforms Quarterly Data
	Mar18	Jun18	Sep18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															68.03	84.87	79.04	89.49	75.87

Competitive Comparison of SKYX Platforms's Days Payable

For the Electrical Equipment & Parts subindustry, SKYX Platforms'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.

SKYX Platforms's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKYX Platforms's Days Payable distribution charts can be found below:

* The bar in red indicates where SKYX Platforms's Days Payable falls into.

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SKYX Platforms 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.

SKYX Platforms's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (12.388	+	13.235)	/	2 )	/	61.683	*	365
=	12.8115					/	61.683	*	365
=	75.81

SKYX Platforms's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (16.839	+	13.235)	/	2 )	/	18.086	*	365 / 4
=	15.037					/	18.086	*	365 / 4
=	75.87

SKYX Platforms Days Payable Related Terms

Thank you for viewing the detailed overview of SKYX Platforms's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

SKYX Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKYX Platforms Corp (NAS:SKYX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2855 West McNab Road, Pompano Beach, FL, USA, 33069

Website

https://www.skyplug.com

SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight-bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The Company generates its income from the United States.

Executives

John P. Campi	officer: Chief Executive Officer	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Ran Roland Kohen	director, 10 percent owner	20735 NE 32 PL, AVENTURA FL 33180
Dov Shiff	director, 10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Steven Mark Schmidt	officer: President	36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204
Nancy Dimattia	director	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Marc Andre Boisseau	officer: Chief Financial Officer	1650 OAKBROOK DRIVE, NORCROSS GA 30093
Patricia Ann Barron	officer: Chief Operations Officer	4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Gary N Golden	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Greenstein Brayer Efrat L	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Mark J Wells	officer: President	1219 WEST 67TH STREET, CLEVELAND OH 44102
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Thomas J Ridge	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Phillips S. Peter	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Montek 7 Sql Llc	10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022