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GuruFocus has detected 3 Warning Signs with JetBlue Airways Corp $JBLU.
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JetBlue Airways Corp (NAS:JBLU)
Days Inventory
4.01 (As of Dec. 2016)

JetBlue Airways Corp's average inventory for the three months ended in Dec. 2016 was $24 Mil. JetBlue Airways Corp's cost of goods sold for the three months ended in Dec. 2016 was $535 Mil. Hence, JetBlue Airways Corp's days inventory for the three months ended in Dec. 2016 was 4.01.

JBLU' s Days Inventory Range Over the Past 10 Years
Min: 5.55   Max: 16.92
Current: 2.97

5.55
16.92

During the past 13 years, JetBlue Airways Corp's highest Days Inventory was 16.92. The lowest was 5.55. And the median was 7.93.

JBLU's Days Inventory is ranked higher than
81% of the 70 Companies
in the Global Airlines industry.

( Industry Median: 11.98 vs. JBLU: 2.97 )

JetBlue Airways Corp's days inventory increased from Dec. 2015 (3.81) to Dec. 2016 (4.01). It might indicate that JetBlue Airways Corp's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). JetBlue Airways Corp's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 1.31.

Inventory turnover measures how fast the company turns over its inventory within a year. JetBlue Airways Corp's inventory turnover for the three months ended in Dec. 2016 was 22.77.

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. JetBlue Airways Corp's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.01.


Definition

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

JetBlue Airways Corp's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

Days Inventory (A: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2015 ) + Inventory (A: Dec. 2016 )) / 2 ) / COGS (A: Dec. 2016 )*Days in Period
=( (44 + 47) / 2 ) / 2104*365
=45.5 / 2104*365
=7.89

JetBlue Airways Corp's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

Days Inventory (Q: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2016 ) + Inventory (Q: Dec. 2016 )) / 2 ) / COGS (Q: Dec. 2016 )*Days in Period
=( (0 + 47) / 2 ) / 535*365 / 4
=23.5 / 535*365 / 4
=4.01

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


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

JetBlue Airways Corp's Days Sales of Inventory for the three months ended in Dec. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=23.5/1641*365 / 4
=1.31

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

JetBlue Airways Corp's Inventory Turnover for the three months ended in Dec. 2016 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.

JetBlue Airways Corp's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

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


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

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

JetBlue Airways Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysInventory 13.238.5516.9211.067.966.155.556.187.147.89

JetBlue Airways Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysInventory 3.213.730.000.003.814.340.000.004.013.60
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