Air Industries Group (STU:YH1) Change In Inventory : €2.57 Mil (TTM As of Mar. 2024)

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What is Air Industries Group Change In Inventory?

Air Industries Group's change in inventory for the quarter that ended in Mar. 2024 was €0.21 Mil. It means Air Industries Group's inventory declined by €0.21 Mil from Dec. 2023 to Mar. 2024 .

Air Industries Group's change in inventory for the fiscal year that ended in Dec. 2023 was €1.81 Mil. It means Air Industries Group's inventory declined by €1.81 Mil from Dec. 2022 to Dec. 2023 .

Air Industries Group's Total Inventories for the quarter that ended in Mar. 2024 was €27.01 Mil.

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 quarter that ended in Mar. 2024 was 221.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Industries Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.41.

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 Mar. 2024 was 2.10.

Air Industries Group Change In Inventory Historical Data

The historical data trend for Air Industries Group'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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Air Industries Group Change In Inventory Chart

Air Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.37

-2.86

2.29

-2.16

1.81

Air Industries Group 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															-0.54	-0.34	1.33	1.37	0.21

Air Industries Group 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 €2.57 Mil.

Air Industries Group (STU:YH1) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	27.1915	/	11.182	*	365 / 4
	=	221.89

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

Air Industries Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.182	/	27.1915
	=	0.41

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.

Air Industries Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.1915	/	12.936
	=	2.10

Air Industries Group Change In Inventory Related Terms

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Air Industries Group (STU:YH1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (STU:YH1) » Definitions » Change In Inventory

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AIRI:USA

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.

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