Air T Inc

NASDAQ AIRT

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Air T Inc Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending December 31, 2023: 0.52%

Air T Inc Accounts Payable Turnover Ratio 5 year CAGR is 0.52% for the Trailing 12 Months (TTM) ending December 31, 2023, a -95.41% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Air T Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending December 31, 2022 was 5.32, a 11.49% change year over year.
  • Air T Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending December 31, 2021 was 4.77, a -12.25% change year over year.
  • Air T Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending December 31, 2020 was 5.44, a 4.11% change year over year.
  • Air T Inc Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending December 31, 2019 was 5.22, a 13.76% change year over year.
NASDAQ: AIRT

Air T Inc

CEO Mr. Nicholas John Swenson
IPO Date April 24, 1984
Location United States
Headquarters 5930 Balsom Ridge Road, Denver, NC, United States, 28037
Employees 584
Sector Industrials
Industry Conglomerates
Description

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx. The Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

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StockViz Staff

September 19, 2024

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