Volato Group (Volato Group) Days Payable : 54.15 (As of Mar. 2024)

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What is Volato Group Days Payable?

Volato Group's average Accounts Payable for the three months ended in Mar. 2024 was $10.38 Mil. Volato Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.49 Mil. Hence, Volato Group's Days Payable for the three months ended in Mar. 2024 was 54.15.

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

SOAR.WS' s Days Payable Range Over the Past 10 Years
Min: 8.1 Med: 30.1 Max: 222.08
Current: 68.78

During the past 3 years, Volato Group's highest Days Payable was 222.08. The lowest was 8.10. And the median was 30.10.

SOAR.WS's Days Payable is ranked better than
74.25% of 936 companies
in the Transportation industry
Industry Median: 38.785 vs SOAR.WS: 68.78

Volato Group's Days Payable increased from Mar. 2023 (19.25) to Mar. 2024 (54.15). It may suggest that Volato Group delayed paying its suppliers.

Volato Group Days Payable Historical Data

The historical data trend for Volato 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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Volato Group Days Payable Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

222.08

8.10

30.10

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			19.25	41.12	47.83	-	54.15

Competitive Comparison of Volato Group's Days Payable

For the Airports & Air Services subindustry, Volato 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.

Volato Group's Days Payable Distribution in the Transportation Industry

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

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

Volato 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.

Volato Group'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
=	( (3.663	+	9.864)	/	2 )	/	82.025	*	365
=	6.7635					/	82.025	*	365
=	30.10

Volato Group'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
=	( (9.864	+	10.898)	/	2 )	/	17.492	*	365 / 4
=	10.381					/	17.492	*	365 / 4
=	54.15

Volato Group Days Payable Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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