Aegean Airlines (ATH:AEGN) Change In Inventory : €-7 Mil (TTM As of Dec. 2023)

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What is Aegean Airlines Change In Inventory?

Aegean Airlines's change in inventory for the quarter that ended in Dec. 2023 was €-5 Mil. It means Aegean Airlines's inventory increased by €5 Mil from Jun. 2023 to Dec. 2023 .

Aegean Airlines's change in inventory for the fiscal year that ended in Dec. 2023 was €-7 Mil. It means Aegean Airlines's inventory increased by €7 Mil from Dec. 2022 to Dec. 2023 .

Aegean Airlines's Total Inventories for the quarter that ended in Dec. 2023 was €40 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aegean Airlines's Days Inventory for the quarter that ended in Dec. 2023 was 8.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aegean Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.39.

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. Aegean Airlines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Aegean Airlines Change In Inventory Historical Data

The historical data trend for Aegean Airlines's Change In 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.

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Aegean Airlines Change In Inventory Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.45

-1.94

-2.75

-10.95

-6.98

Aegean Airlines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-2.76	-0.15	-10.81	-2.05	-4.93

Aegean Airlines Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-7 Mil.

Aegean Airlines (ATH:AEGN) Change In Inventory Explanation

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

Aegean Airlines's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	38.0215	/	851.251	*	365 / 2
	=	8.15

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

Aegean Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	851.251	/	38.0215
	=	22.39

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.

Aegean Airlines's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.0215	/	1015.012
	=	0.04

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Aegean Airlines (ATH:AEGN) Business Description

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32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.