Air Industries Group (Air Industries Group) Inventory Turnover : 0.37 (As of Dec. 2023)

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What is Air Industries Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Air Industries Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.32 Mil. Air Industries Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $30.60 Mil. Air Industries Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Industries Group's Days Inventory for the three months ended in Dec. 2023 was 246.68.

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. Air Industries Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.27.

Air Industries Group Inventory Turnover Historical Data

The historical data trend for Air Industries Group's Inventory Turnover 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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Air Industries Group Inventory Turnover Chart

Air Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.57

1.43

1.58

1.49

1.43

Air Industries Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.33	0.34	0.35	0.37

Air Industries Group Inventory Turnover Calculation

Air Industries Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	44.088	/ (	(31.821	+	29.851)	/	2 )
=	44.088	/	30.836
=	1.43

Air Industries Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11.319	/ (	(31.348	+	29.851)	/	2 )
=	11.319	/	30.5995
=	0.37

Air Industries Group (AMEX:AIRI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Air Industries Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	30.5995	/	11.319	*	365 / 4
	=	246.68

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.

Air Industries Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	30.5995	/	13.469
	=	2.27

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Air Industries Group Inventory Turnover Related Terms

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Air Industries Group (Air Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (AMEX:AIRI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

YH1:Germany

Address

1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706

Website

https://www.airindustriesgroup.com

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.

Executives

Scott Glassman	officer: CHIEF FINANCIAL OFFICER	1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Luciano M Melluzzo	officer: President	93 FOXON PLACE, NEW BRITAIN CT 06053
Michael N Taglich	director	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Michael Porcelain	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata	director	C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Robert Taglich	director, 10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael Brand	director	4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc.	10 percent owner, other: See Footnotes 1 and 2	7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca	officer: Chief Financial Officer

Air Industries Group (Air Industries Group) Headlines

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