Surf Air Mobility (Surf Air Mobility) Days Payable : 60.10 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Surf Air Mobility Days Payable?

Surf Air Mobility's average Accounts Payable for the three months ended in Dec. 2023 was $19.43 Mil. Surf Air Mobility's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.50 Mil. Hence, Surf Air Mobility's Days Payable for the three months ended in Dec. 2023 was 60.10.

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

SRFM' s Days Payable Range Over the Past 10 Years
Min: 72.97 Med: 229.1 Max: 291.09
Current: 72.97

During the past 4 years, Surf Air Mobility's highest Days Payable was 291.09. The lowest was 72.97. And the median was 229.10.

SRFM's Days Payable is ranked better than
76.1% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs SRFM: 72.97

Surf Air Mobility's Days Payable declined from Dec. 2022 (154.86) to Dec. 2023 (60.10). It may suggest that Surf Air Mobility accelerated paying its suppliers.

Surf Air Mobility Days Payable Historical Data

The historical data trend for Surf Air Mobility'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.

Surf Air Mobility Days Payable Chart

Surf Air Mobility Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

291.09

268.06

190.14

88.21

Surf Air Mobility Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						154.86	57.15	211.09	68.76	60.10

Competitive Comparison of Surf Air Mobility's Days Payable

For the Airlines subindustry, Surf Air Mobility'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.

Surf Air Mobility's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Surf Air Mobility's Days Payable falls into.

Surf Air Mobility 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.

Surf Air Mobility'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
=	( (12.891	+	18.854)	/	2 )	/	65.68	*	365
=	15.8725					/	65.68	*	365
=	88.21

Surf Air Mobility's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.998	+	18.854)	/	2 )	/	29.496	*	365 / 4
=	19.426					/	29.496	*	365 / 4
=	60.10

Surf Air Mobility Days Payable Related Terms

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

Surf Air Mobility (Surf Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Surf Air Mobility Inc (NYSE:SRFM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250

Website

https://www.surfair.com

Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.

Executives

Edward A. Mady	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack	director	6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert	director	C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino	director	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter	director	C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White	officer: Chief Financial Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland	director	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little	director, officer: Chief Executive Officer	12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250