Magellan Aerospace (Magellan Aerospace) Change In Inventory : $0.0 Mil (TTM As of Mar. 2024)

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What is Magellan Aerospace Change In Inventory?

Magellan Aerospace's change in inventory for the quarter that ended in Mar. 2024 was $0.0 Mil. It means Magellan Aerospace's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Magellan Aerospace's change in inventory for the fiscal year that ended in Dec. 2023 was $-23.9 Mil. It means Magellan Aerospace's inventory increased by $23.9 Mil from Dec. 2022 to Dec. 2023 .

Magellan Aerospace's Total Inventories for the quarter that ended in Mar. 2024 was $198.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magellan Aerospace's Days Inventory for the quarter that ended in Mar. 2024 was 114.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Magellan Aerospace's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

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. Magellan Aerospace's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

Magellan Aerospace Change In Inventory Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Change In Inventory Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-16.02

-13.12

2.53

-11.62

-23.87

Magellan Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Magellan Aerospace 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Magellan Aerospace (OTCPK:MALJF) Change In Inventory Explanation

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

Magellan Aerospace's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	195.7545	/	156.196	*	365 / 4
	=	114.36

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

Magellan Aerospace's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	156.196	/	195.7545
	=	0.80

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.

Magellan Aerospace's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	195.7545	/	173.791
	=	1.13

Magellan Aerospace Change In Inventory Related Terms

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Magellan Aerospace (Magellan Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Change In Inventory

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Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.