Days Inventory is also known as Days Sales of Inventory (DSI). Air Industries Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $30.60 Mil. Air Industries Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $11.32 Mil.
Hence, Air Industries Group's Days Inventory for the
three
months ended in Dec. 2023 was 246.68.
The historical rank and industry rank for Air Industries Group's Days Inventory or its related term are showing as below:
AIRI'
s Days Inventory Range Over the Past 10 Years
Min: 189.47 Med: 249.5 Max: 281.06
Current: 262
During the past 13 years, Air Industries Group's highest Days Inventory was 281.06. The lowest was 189.47. And the median was 249.50.
AIRI's Days Inventory is ranked worse than 77.43% of 288
companies
in the Aerospace & Defense industry
Industry Median: 138.735
vs AIRI: 262.00
Air Industries Group's Days Inventory
increased
from Dec. 2022 (225.80) to Dec. 2023 (246.68).
It might indicate that Air Industries Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Air Industries Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.37.
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.
Air Industries Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.27.
Air Industries Group Days Inventory Historical Data
The historical data trend for Air Industries Group's Days 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.
* Premium members only.
Air Industries Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
231.77
254.44
231.10
244.55
255.29
Air Industries Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
225.80
274.82
269.62
264.37
246.68
Competitive Comparison
For the Aerospace & Defense subindustry, Air Industries Group's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Air Industries Group Days Inventory Distribution
For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Air Industries Group's Days Inventory falls into.
Air Industries Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Air Industries Group's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Air Industries Group (AMEX:AIRI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Air Industries Group's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
Air Industries Group's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Air Industries Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Air Industries Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Industries Group (Air Industries Group) Business Description
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
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