TAKOF (Volatus Aerospace) Days Payable : 153.19 (As of Sep. 2024)

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What is Volatus Aerospace Days Payable?

Volatus Aerospace's average Accounts Payable for the three months ended in Sep. 2024 was $5.41 Mil. Volatus Aerospace's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.22 Mil. Hence, Volatus Aerospace's Days Payable for the three months ended in Sep. 2024 was 153.19.

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

TAKOF' s Days Payable Range Over the Past 10 Years
Min: 1.19 Med: 45.87 Max: 153.68
Current: 88.41

During the past 5 years, Volatus Aerospace's highest Days Payable was 153.68. The lowest was 1.19. And the median was 45.87.

TAKOF's Days Payable is ranked better than
58.47% of 301 companies
in the Aerospace & Defense industry
Industry Median: 69.29 vs TAKOF: 88.41

Volatus Aerospace's Days Payable increased from Sep. 2023 (50.96) to Sep. 2024 (153.19). It may suggest that Volatus Aerospace delayed paying its suppliers.

Volatus Aerospace Days Payable Historical Data

The historical data trend for Volatus Aerospace'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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Volatus Aerospace Days Payable Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

154.11

1.20

47.77

43.70

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial														50.96	36.05	79.33	93.08	153.19

Competitive Comparison of Volatus Aerospace's Days Payable

For the Aerospace & Defense subindustry, Volatus Aerospace'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.

Volatus Aerospace's Days Payable Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Volatus Aerospace's Days Payable falls into.

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Volatus Aerospace 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.

Volatus Aerospace'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
=	( (2.064	+	2.173)	/	2 )	/	17.693	*	365
=	2.1185					/	17.693	*	365
=	43.70

Volatus Aerospace's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3.397	+	7.428)	/	2 )	/	3.224	*	365 / 4
=	5.4125					/	3.224	*	365 / 4
=	153.19

Volatus Aerospace Days Payable Related Terms

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Volatus Aerospace Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Inc (OTCPK:TAKOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ABB:Germany FLT:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Inc is a leader in innovative global aerial solutions for intelligence and cargo. With deep technological and subject matter expertise and over 100 years of combined institutional knowledge in aviation, Volatus provides meaningful aerial solutions for end users across various industries using piloted and remotely piloted aircraft systems (RPAS or drones). It is committed to enhancing operational efficiency, safety, and sustainability through innovative, real-world aerial solutions.