AAR's change in inventory for the quarter that ended in Feb. 2024 was $-26 Mil. It means AAR's inventory
increased by $26 Mil
from Nov. 2023 to Feb. 2024 .
AAR's change in inventory for the fiscal year that ended in May. 2023 was $-24 Mil. It means AAR's inventory
increased by $24 Mil
from May. 2022 to May. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AAR's Days Inventory for the quarter that ended in Feb. 2024 was 131.52.
Inventory Turnover measures how fast the company turns over its inventory within a year.
AAR's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.69.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
AAR's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.16.
AAR Change In Inventory Historical Data
The historical data trend for AAR's Change In Inventory 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.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-101 Mil.
* 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.
AAR (NYSE:AIR) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AAR's Days Inventory for the quarter that ended in is calculated as:
3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
AAR's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
* 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.
AAR Change In Inventory Related Terms
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AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.
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