Days Inventory is also known as Days Sales of Inventory (DSI). Park Aerospace's Average Total Inventories for the
three
months ended in Nov. 2023 was $7.94 Mil. Park Aerospace's Cost of Goods Sold for the
three
months ended in Nov. 2023 was $8.47 Mil.
Hence, Park Aerospace's Days Inventory for the
three
months ended in Nov. 2023 was 85.53.
The historical rank and industry rank for Park Aerospace's Days Inventory or its related term are showing as below:
PKE'
s Days Inventory Range Over the Past 10 Years
Min: 41.55 Med: 49.89 Max: 165.3
Current: 73.2
During the past 13 years, Park Aerospace's highest Days Inventory was 165.30. The lowest was 41.55. And the median was 49.89.
PKE's Days Inventory is ranked better than 75.09% of 289
companies
in the Aerospace & Defense industry
Industry Median: 138.87
vs PKE: 73.20
Park Aerospace's Days Inventory
increased
from Nov. 2022 (71.01) to Nov. 2023 (85.53).
It might indicate that Park Aerospace's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Park Aerospace's Inventory Turnover for the
three
months ended in Nov. 2023 was 1.07.
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.
Park Aerospace's Inventory-to-Revenue for the
three
months ended in Nov. 2023 was 0.68.
Park Aerospace Days Inventory Historical Data
The historical data trend for Park Aerospace'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.
Park Aerospace Annual Data
Trend
Feb14
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Feb23
Days Inventory
48.18
51.41
61.63
48.37
55.48
Park Aerospace Quarterly Data
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Days Inventory
71.01
64.03
62.49
88.88
85.53
Competitive Comparison
For the Aerospace & Defense subindustry, Park Aerospace'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.
Park Aerospace Days Inventory Distribution
For the Aerospace & Defense industry and Industrials sector, Park Aerospace's Days Inventory distribution charts can be found below:
* The bar in red indicates where Park Aerospace's Days Inventory falls into.
Park Aerospace Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Park Aerospace's Days Inventory for the fiscal year that ended in Feb. 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.
Park Aerospace (NYSE:PKE) 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.
Park Aerospace's Inventory Turnover for the
three
months ended in Nov. 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.
Park Aerospace's Inventory to Revenue for the
three
months ended in Nov. 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.
Park Aerospace Days Inventory Related Terms
Thank you for viewing the detailed overview of Park Aerospace's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Park Aerospace (Park Aerospace) Business Description
Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.
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