SPAI (Safe Pro Group) Days Payable : 38.09 (As of Dec. 2024)

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What is Safe Pro Group Days Payable?

Safe Pro Group's average Accounts Payable for the three months ended in Dec. 2024 was $0.18 Mil. Safe Pro Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.42 Mil. Hence, Safe Pro Group's Days Payable for the three months ended in Dec. 2024 was 38.09.

The historical rank and industry rank for Safe Pro Group's Days Payable or its related term are showing as below:

SPAI' s Days Payable Range Over the Past 10 Years
Min: 29.45 Med: 41.76 Max: 66.14
Current: 52.43

During the past 3 years, Safe Pro Group's highest Days Payable was 66.14. The lowest was 29.45. And the median was 41.76.

SPAI's Days Payable is ranked worse than
61% of 300 companies
in the Aerospace & Defense industry
Industry Median: 68.74 vs SPAI: 52.43

Safe Pro Group's Days Payable declined from Dec. 2023 (77.11) to Dec. 2024 (38.09). It may suggest that Safe Pro Group accelerated paying its suppliers.

Safe Pro Group Days Payable Historical Data

The historical data trend for Safe Pro Group'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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Safe Pro Group Days Payable Chart

Safe Pro Group Annual Data

Trend

Dec22

Dec23

Dec24

Days Payable

29.45

66.14

41.76

Safe Pro Group Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial				77.11	81.67	38.05	106.77	38.09

Competitive Comparison of Safe Pro Group's Days Payable

For the Aerospace & Defense subindustry, Safe Pro Group'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.

Safe Pro Group's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Safe Pro Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Safe Pro Group's Days Payable falls into.

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Safe Pro Group 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.

Safe Pro Group'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
=	( (0.169	+	0.12)	/	2 )	/	1.263	*	365
=	0.1445					/	1.263	*	365
=	41.76

Safe Pro Group'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
=	( (0.234	+	0.12)	/	2 )	/	0.424	*	365 / 4
=	0.177					/	0.424	*	365 / 4
=	38.09

Safe Pro Group Days Payable Related Terms

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Safe Pro Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160

Website

https://www.safeprogroup.com

Safe Pro Group Inc operates to acquire security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence (AI), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The company operated in three reportable business segments which consisted of: the business of Safe-Pro USA, the business of Airborne Response, and the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.