Days Inventory is also known as Days Sales of Inventory (DSI). Gogo's Average Total Inventories for the
three
months ended in Dec. 2023 was $63.0 Mil. Gogo's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $33.2 Mil.
Hence, Gogo's Days Inventory for the
three
months ended in Dec. 2023 was 172.94.
The historical rank and industry rank for Gogo's Days Inventory or its related term are showing as below:
GOGO'
s Days Inventory Range Over the Past 10 Years
Min: 30.56 Med: 111.49 Max: 470.45
Current: 159.35
During the past 13 years, Gogo's highest Days Inventory was 470.45. The lowest was 30.56. And the median was 111.49.
GOGO's Days Inventory is ranked worse than 96.31% of 298
companies
in the Telecommunication Services industry
Industry Median: 19.215
vs GOGO: 159.35
Gogo's Days Inventory
increased
from Dec. 2022 (115.96) to Dec. 2023 (172.94).
It might indicate that Gogo's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Gogo's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.53.
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.
Gogo's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.64.
Gogo Days Inventory Historical Data
The historical data trend for Gogo'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.
For the Telecom Services subindustry, Gogo'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.
Gogo's Days Inventory Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Gogo's Days Inventory distribution charts can be found below:
* The bar in red indicates where Gogo's Days Inventory falls into.
Gogo Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gogo'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.
Gogo (NAS:GOGO) 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.
Gogo'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.
Gogo'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.
Gogo Days Inventory Related Terms
Thank you for viewing the detailed overview of Gogo's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Gogo Inc is a us-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.
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