SkyWest (SkyWest) Days Payable : 68.26 (As of Mar. 2024)

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What is SkyWest Days Payable?

SkyWest's average Accounts Payable for the three months ended in Mar. 2024 was $475 Mil. SkyWest's Cost of Goods Sold for the three months ended in Mar. 2024 was $636 Mil. Hence, SkyWest's Days Payable for the three months ended in Mar. 2024 was 68.26.

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

SKYW' s Days Payable Range Over the Past 10 Years
Min: 32.74 Med: 46.9 Max: 66.89
Current: 66.71

During the past 13 years, SkyWest's highest Days Payable was 66.89. The lowest was 32.74. And the median was 46.90.

SKYW's Days Payable is ranked better than
72.85% of 932 companies
in the Transportation industry
Industry Median: 38.995 vs SKYW: 66.71

SkyWest's Days Payable increased from Mar. 2023 (63.27) to Mar. 2024 (68.26). It may suggest that SkyWest delayed paying its suppliers.

SkyWest Days Payable Historical Data

The historical data trend for SkyWest'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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SkyWest Days Payable Chart

SkyWest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.28

48.00

56.13

66.89

63.53

SkyWest Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															63.27	66.96	66.07	66.03	68.26

Competitive Comparison of SkyWest's Days Payable

For the Airlines subindustry, SkyWest'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.

SkyWest's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SkyWest's Days Payable distribution charts can be found below:

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

SkyWest 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.

SkyWest'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
=	( (422.001	+	470.251)	/	2 )	/	2563.243	*	365
=	446.126					/	2563.243	*	365
=	63.53

SkyWest'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
=	( (470.251	+	480.654)	/	2 )	/	635.612	*	365 / 4
=	475.4525					/	635.612	*	365 / 4
=	68.26

SkyWest Days Payable Related Terms

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

SkyWest (SkyWest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SkyWest Inc (NAS:SKYW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SY2:Germany

Address

444 South River Road, St. George, UT, USA, 84790

Website

https://www.skywest.com

SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through major airlines. It partners with major global carriers to fly and operate aircraft for a fee. SkyWest may use the major carriers' brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.

Executives

James L Welch	director	5550 SW MACADAM AVENUE, SUITE 200, PORTLAND OR 97239
Robert J Simmons	officer: Chief Financial Officer	C/O SKYWEST, INC., 444 SOUTH RIVER ROAD, SAINT GEORGE UT 84790
Jerry C Atkin	director, officer: Chairman, President and CEO	684 S OAKRIDGE DRIVE, PINE VALLEY UT 84781
Wade J Steel	officer: Executive Vice President	1847 VIEW POINT CIRCLE, SANTA CLARA UT 84765
Russell A Childs	officer: Pres. & COO of SkyWest Airline	444 SOUTH RIVER ROAD, ST GEORGE UT 84790
Henry J Eyring	director
Eric Woodward	officer: Chief Accounting Officer	444 SOUTH RIVER ROAD, ST. GEORGE UT 84790
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708
Greg Wooley	officer: Exec VP Operations	C/O SKYWEST INC., 444 S. RIVER RD, ST. GEORGE UT 84790
W Steve Albrecht	director	3901 NO FIRST ST, SAN JOSE CA 95134
Michael S Thompson	officer: Chief Operating Officer, other: Skwest Airlines	2311 S COYOTE LOOP, WASHINGTON UT 84780
Terry Vais	officer: Chief Commercial Officer	251 HIGHWOODS PKWY, NEWNAN GA 30265
Andrew C Roberts	director	C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Meredith R. Siegfried	director	C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Alexandria Panot Marren	officer: COO of ExpressJet Airlines	444 S. RIVER ROAD, ST. GEORGE UT 84790