Switch to:
GuruFocus has detected 4 Warning Signs with AeroVironment Inc \$AVAV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
AeroVironment Inc (NAS:AVAV)
Change In Inventory
\$-13.6 Mil (As of Jan. 2017)

AeroVironment Inc's change in inventory for the quarter that ended in Jan. 2017 was \$-13.6 Mil. It means AeroVironment Inc's inventory increased by \$13.6 Mil from Oct. 2016 to Jan. 2017 .

AeroVironment Inc's change in inventory for the fiscal year that ended in Apr. 2016 was \$1.9 Mil. It means AeroVironment Inc's inventory declined by \$1.9 Mil from Apr. 2015 to Apr. 2016 .

AeroVironment Inc's inventory for the quarter that ended in Jan. 2017 was \$68.8 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. AeroVironment Inc's days inventory for the quarter that ended in Jan. 2017 was 167.29.

Inventory can be measured by Days Sales of Inventory (DSI). AeroVironment Inc's days sales of inventory (DSI) for the quarter that ended in Jan. 2017 was 106.40.

Inventory turnover measures how fast the company turns over its inventory within a year. AeroVironment Inc's inventory turnover for the quarter that ended in Jan. 2017 was 0.55.

Inventory to revenue ratio 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. AeroVironment Inc's inventory to revenue ratio for the quarter that ended in Jan. 2017 was 1.17.

Definition

Change In Inventory is the difference between last periodÂ’s ending inventory and the current periodÂ’s ending inventory.

Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

AeroVironment Inc's Days Inventory for the quarter that ended in Jan. 2017 is calculated as:

 Days Inventory = Average Inventory / Cost of Goods Sold * Days in Period = 61.987 / 33.812 * 365 / 4 = 167.29

2. Inventory can be measured by Days Sales of Inventory (DSI).

AeroVironment Inc's Days Sales of Inventory for the quarter that ended in Jan. 2017 is calculated as

 Days Sales of Inventory (DSI) = Average Inventory / Revenue * Days in Period = 61.987 / 53.163 * 365 / 4 = 106.40

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

AeroVironment Inc's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 33.812 / 61.987 = 0.55

4. 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.

AeroVironment Inc's Inventory to Revenue for the quarter that ended in Jan. 2017 is calculated as

 Inventory to Revenue = Average Inventory / Revenue = 61.987 / 53.163 = 1.17

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

AeroVironment Inc Annual Data

 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 ChangeInInventory -2.6 -1.9 4.3 -9.3 -17.2 -5.4 -19.0 11.9 11.3 1.9

AeroVironment Inc Quarterly Data

 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 ChangeInInventory -5.4 3.0 9.4 -4.5 -4.4 1.9 8.9 -6.6 -11.1 -13.6
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)