Alabama Aircraft Industries (Alabama Aircraft Industries) Days Payable : 17.12 (As of Dec. 2008)

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What is Alabama Aircraft Industries Days Payable?

Alabama Aircraft Industries's average Accounts Payable for the three months ended in Dec. 2008 was $2.40 Mil. Alabama Aircraft Industries's Cost of Goods Sold for the three months ended in Dec. 2008 was $12.80 Mil. Hence, Alabama Aircraft Industries's Days Payable for the three months ended in Dec. 2008 was 17.12.

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

AAIIQ's Days Payable is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 74.7
* Ranked among companies with meaningful Days Payable only.

Alabama Aircraft Industries's Days Payable declined from Dec. 2007 (24.63) to Dec. 2008 (17.12). It may suggest that Alabama Aircraft Industries accelerated paying its suppliers.

Alabama Aircraft Industries Days Payable Historical Data

The historical data trend for Alabama Aircraft Industries'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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Alabama Aircraft Industries Days Payable Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Days Payable

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24.27

38.18

40.69

30.57

22.93

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Days Payable	Get a 7-Day Free Trial															24.63	14.71	16.38	25.41	17.12

Competitive Comparison of Alabama Aircraft Industries's Days Payable

For the Aerospace & Defense subindustry, Alabama Aircraft Industries'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.

Alabama Aircraft Industries's Days Payable Distribution in the Aerospace & Defense Industry

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

* The bar in red indicates where Alabama Aircraft Industries's Days Payable falls into.

Alabama Aircraft Industries 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.

Alabama Aircraft Industries's Days Payable for the fiscal year that ended in Dec. 2008 is calculated as

	Days Payable (A: Dec. 2008 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2007 )	+	Accounts Payable (A: Dec. 2008 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2008 )	*	Days in Period
=	( (3.06	+	2.696)	/	2 )	/	45.81	*	365
=	2.878					/	45.81	*	365
=	22.93

Alabama Aircraft Industries's Days Payable for the quarter that ended in Dec. 2008 is calculated as:

	Days Payable (Q: Dec. 2008 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2008 )	+	Accounts Payable (Q: Dec. 2008 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2008 )	*	Days in Period
=	( (2.107	+	2.696)	/	2 )	/	12.797	*	365 / 4
=	2.4015					/	12.797	*	365 / 4
=	17.12

Alabama Aircraft Industries Days Payable Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

Alabama Aircraft Industries (Alabama Aircraft Industries) Headlines

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