CAE (CAE) Days Inventory : 72.09 (As of Dec. 2023)

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What is CAE Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CAE's Average Total Inventories for the three months ended in Dec. 2023 was $466 Mil. CAE's Cost of Goods Sold for the three months ended in Dec. 2023 was $590 Mil. Hence, CAE's Days Inventory for the three months ended in Dec. 2023 was 72.09.

The historical rank and industry rank for CAE's Days Inventory or its related term are showing as below:

CAE' s Days Inventory Range Over the Past 10 Years
Min: 47.74 Med: 80.55 Max: 104.06
Current: 68.44

During the past 13 years, CAE's highest Days Inventory was 104.06. The lowest was 47.74. And the median was 80.55.

CAE's Days Inventory is ranked better than
76.74% of 288 companies
in the Aerospace & Defense industry
Industry Median: 138.905 vs CAE: 68.44

CAE's Days Inventory declined from Dec. 2022 (77.39) to Dec. 2023 (72.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. CAE's Inventory Turnover for the three months ended in Dec. 2023 was 1.27.

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. CAE's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.57.

CAE Days Inventory Historical Data

The historical data trend for CAE'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.

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CAE Days Inventory Chart

CAE Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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82.70

84.57

99.00

88.56

68.82

CAE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															77.39	55.78	74.24	76.64	72.09

Competitive Comparison of CAE's Days Inventory

For the Aerospace & Defense subindustry, CAE'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.

CAE's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CAE's Days Inventory distribution charts can be found below:

* The bar in red indicates where CAE's Days Inventory falls into.

CAE Days Inventory Calculation

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

CAE's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (410.585	+	426.368)	/	2 )	/	2219.542	*	365
=	418.4765					/	2219.542	*	365
=	68.82

CAE's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (484.665	+	447.973)	/	2 )	/	590.265	*	365 / 4
=	466.319					/	590.265	*	365 / 4
=	72.09

CAE (NYSE:CAE) 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.

CAE's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	590.265	/	466.319
	=	1.27

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.

CAE's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	466.319	/	815.817
	=	0.57

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.

CAE Days Inventory Related Terms

Thank you for viewing the detailed overview of CAE's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CAE (CAE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CAE Inc (NYSE:CAE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CE9:Germany CAE:Canada

Address

8585 Cote de Liesse, Saint-Laurent, QC, CAN, H4T 1G6

Website

https://www.cae.com

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations. Roughly one-third of sales are from the United States, with the remainder split among several other nations.