CPI Aerostructures (CPI Aerostructures) Days Inventory : 7.26 (As of Dec. 2023)

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What is CPI Aerostructures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CPI Aerostructures's Average Total Inventories for the three months ended in Dec. 2023 was $1.54 Mil. CPI Aerostructures's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.41 Mil. Hence, CPI Aerostructures's Days Inventory for the three months ended in Dec. 2023 was 7.26.

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

CVU' s Days Inventory Range Over the Past 10 Years
Min: 9.82 Med: 21.51 Max: 32.27
Current: 10.35

During the past 13 years, CPI Aerostructures's highest Days Inventory was 32.27. The lowest was 9.82. And the median was 21.51.

CVU's Days Inventory is ranked better than
96.19% of 289 companies
in the Aerospace & Defense industry
Industry Median: 138.94 vs CVU: 10.35

CPI Aerostructures's Days Inventory declined from Dec. 2022 (12.65) to Dec. 2023 (7.26).

Inventory Turnover measures how fast the company turns over its inventory within a year. CPI Aerostructures's Inventory Turnover for the three months ended in Dec. 2023 was 12.57.

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. CPI Aerostructures's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

CPI Aerostructures Days Inventory Historical Data

The historical data trend for CPI Aerostructures'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.

CPI Aerostructures Days Inventory Chart

CPI Aerostructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.27

26.48

21.51

17.76

10.33

CPI Aerostructures 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															12.65	12.69	12.17	9.76	7.26

Competitive Comparison of CPI Aerostructures's Days Inventory

For the Aerospace & Defense subindustry, CPI Aerostructures'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.

CPI Aerostructures's Days Inventory Distribution in the Aerospace & Defense Industry

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

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

CPI Aerostructures Days Inventory Calculation

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

CPI Aerostructures's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.493	+	1.437)	/	2 )	/	69.4	*	365
=	1.965					/	69.4	*	365
=	10.33

CPI Aerostructures'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
=	( (1.651	+	1.437)	/	2 )	/	19.41	*	365 / 4
=	1.544					/	19.41	*	365 / 4
=	7.26

CPI Aerostructures (AMEX:CVU) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.41	/	1.544
	=	12.57

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.544	/	23.503
	=	0.07

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.

CPI Aerostructures Days Inventory Related Terms

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

CPI Aerostructures (CPI Aerostructures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CPI Aerostructures Inc (AMEX:CVU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 Heartland Boulevard, Edgewood, NY, USA, 11717

Website

https://www.cpiaero.com

CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter among others.

Executives

Pamela Levesque	director	91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Richard C Rosenjack	director	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Paul Packer	10 percent owner	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Richard S Caswell	director	C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Terry Dean Stinson	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Dorith Hakim	director, officer: CEO and President	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174
Bond E Carey	director	3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905
Michael Faber	director	701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
Walter Paulick	director	30 TERRY PL, RIVERHEAD NY 11901
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Andrew L Davis	officer: Chief Financial Officer	C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Thomas E Powers	officer: Acting Chief Financial Officer	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Dan Azmon	officer: Chief Financial Officer	600 THIRD AVENUE, NEW YORK NY 10016
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022