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Hong Kong Aircraft Engineering Co (Hong Kong Aircraft Engineering Co) Days Inventory : 50.41 (As of Jun. 2018)


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What is Hong Kong Aircraft Engineering Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hong Kong Aircraft Engineering Co's Average Total Inventories for the six months ended in Jun. 2018 was $232 Mil. Hong Kong Aircraft Engineering Co's Cost of Goods Sold for the six months ended in Jun. 2018 was $840 Mil. Hence, Hong Kong Aircraft Engineering Co's Days Inventory for the six months ended in Jun. 2018 was 50.41.

The historical rank and industry rank for Hong Kong Aircraft Engineering Co's Days Inventory or its related term are showing as below:

HKAEY's Days Inventory is not ranked *
in the Transportation industry.
Industry Median: 11.4
* Ranked among companies with meaningful Days Inventory only.

Hong Kong Aircraft Engineering Co's Days Inventory increased from Jun. 2017 (48.26) to Jun. 2018 (50.41). It might indicate that Hong Kong Aircraft Engineering Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hong Kong Aircraft Engineering Co's Inventory Turnover for the six months ended in Jun. 2018 was 3.62.

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. Hong Kong Aircraft Engineering Co's Inventory-to-Revenue for the six months ended in Jun. 2018 was 0.25.


Hong Kong Aircraft Engineering Co Days Inventory Historical Data

The historical data trend for Hong Kong Aircraft Engineering Co'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.

Hong Kong Aircraft Engineering Co Days Inventory Chart

Hong Kong Aircraft Engineering Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.50 28.20 46.87 46.52 47.31

Hong Kong Aircraft Engineering Co Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.92 45.61 48.26 46.69 50.41

Competitive Comparison of Hong Kong Aircraft Engineering Co's Days Inventory

For the Airports & Air Services subindustry, Hong Kong Aircraft Engineering Co'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.


Hong Kong Aircraft Engineering Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hong Kong Aircraft Engineering Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hong Kong Aircraft Engineering Co's Days Inventory falls into.



Hong Kong Aircraft Engineering Co Days Inventory Calculation

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

Hong Kong Aircraft Engineering Co's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

Days Inventory (A: Dec. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2016 ) + Total Inventories (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (219.498 + 251.638) / 2 ) / 1817.531*365
=235.568 / 1817.531*365
=47.31

Hong Kong Aircraft Engineering Co's Days Inventory for the quarter that ended in Jun. 2018 is calculated as:

Days Inventory (Q: Jun. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2017 ) + Total Inventories (Q: Jun. 2018 )) / count ) / Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=( (251.638 + 212.435) / 2 ) / 840.056*365 / 2
=232.0365 / 840.056*365 / 2
=50.41

* 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.


Hong Kong Aircraft Engineering Co  (OTCPK:HKAEY) 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.

Hong Kong Aircraft Engineering Co's Inventory Turnover for the six months ended in Jun. 2018 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.

Hong Kong Aircraft Engineering Co's Inventory to Revenue for the six months ended in Jun. 2018 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.


Hong Kong Aircraft Engineering Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Hong Kong Aircraft Engineering Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Hong Kong Aircraft Engineering Co (Hong Kong Aircraft Engineering Co) Business Description

Traded in Other Exchanges
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Address
Hong Kong Aircraft Engineering Co Ltd operates as an independent aircraft engineering and maintenance company. The global firm offers airframe, line, component, engine, cabin integration, and inventory management services. Its operating segments are primarily designated by region: Hong Kong, Americas, Xiamen, and TEXL (Taikoo Engine Services). HAECO offers round-the-clock support to various airline customers and has relationships with original-equipment manufacturers to provide technical and engineering expertise. In addition, the company provides technical training staff, industry partners, and the public with training and license examination services. Asia accounts for the majority of total revenue.

Hong Kong Aircraft Engineering Co (Hong Kong Aircraft Engineering Co) Headlines

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