LMIA has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
LMIA has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Days Inventory is also known as Days Sales of Inventory (DSI). LMI Aerospace's Average Total Inventories for the three months ended in Mar. 2017 was $126.5 Mil. LMI Aerospace's Cost of Goods Sold for the three months ended in Mar. 2017 was $71.4 Mil. Hence, LMI Aerospace's Days Inventory for the three months ended in Mar. 2017 was 161.73.
The historical rank and industry rank for LMI Aerospace's Days Inventory or its related term are showing as below:
LMI Aerospace's Days Inventory increased from Mar. 2016 (150.24) to Mar. 2017 (161.73). It might indicate that LMI Aerospace's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. LMI Aerospace's Inventory Turnover for the three months ended in Mar. 2017 was 0.56.
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. LMI Aerospace's Inventory-to-Revenue for the three months ended in Mar. 2017 was 1.51.
The historical data trend for LMI Aerospace'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.
LMI Aerospace Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 122.45 | 111.47 | 132.86 | 136.47 | 151.38 |
LMI Aerospace Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
Days Inventory | Get a 7-Day Free Trial | 150.24 | 161.98 | 152.93 | 154.10 | 161.73 |
For the Aerospace & Defense subindustry, LMI Aerospace'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.
For the Aerospace & Defense industry and Industrials sector, LMI Aerospace's Days Inventory distribution charts can be found below:
* The bar in red indicates where LMI Aerospace's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
LMI Aerospace's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as
Days Inventory (A: Dec. 2016 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2015 ) | + | Total Inventories (A: Dec. 2016 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2016 ) | * | Days in Period |
= | ( (114.775 | + | 122.761) | / | 2 ) | / | 286.377 | * | 365 |
= | 118.768 | / | 286.377 | * | 365 | ||||
= | 151.38 |
LMI Aerospace's Days Inventory for the quarter that ended in Mar. 2017 is calculated as:
Days Inventory (Q: Mar. 2017 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2016 ) | + | Total Inventories (Q: Mar. 2017 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2017 ) | * | Days in Period |
= | ( (122.761 | + | 130.259) | / | 2 ) | / | 71.379 | * | 365 / 4 |
= | 126.51 | / | 71.379 | * | 365 / 4 | ||||
= | 161.73 |
* 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.
LMI Aerospace (NAS:LMIA) 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.
LMI Aerospace's Inventory Turnover for the three months ended in Mar. 2017 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 71.379 | / | 126.51 | |
= | 0.56 |
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.
LMI Aerospace's Inventory to Revenue for the three months ended in Mar. 2017 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 126.51 | / | 83.82 | |
= | 1.51 |
* 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.
Thank you for viewing the detailed overview of LMI Aerospace's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory L Summe | director | C/O GLEN CAPITAL PARTNERS LLC, 800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
John S Eulich | director | 411 FOUNTAIN LAKES BLVD., ST. CHARLES MO 63301 |
Gerald E Daniels | director | |
Daniel G. Korte | director, officer: CEO & PRESIDENT | C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301 |
Lawrence J Resnick | director | |
John M Roeder | director | 411 FOUNTAIN LAKES BLVD. ST. CHARLES MO 63301 |
Glen Capital Partners Focus Fund, L.p. | 10 percent owner | 75 ARLINGTON STREET, SUITE 500, BOSTON MA 02116 |
Glen Capital Partners Llc | 10 percent owner | 800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
Glen Capital Partners Gp Llc | 10 percent owner | 800 SOUTH STREET, SUITE 160, WALTHAM MA 02453 |
Miller Paul L Jr | director |
From GuruFocus
By Jennifer Chiou Jennifer Chiou • 07-27-2015
By gurufocus 10qk • 11-06-2009
By gurufocus 10qk • 08-06-2010
By Sally Jones Sally Jones • 11-22-2013
By GuruFocus Research GuruFocus Editor • 01-05-2010
By gurufocus • 05-11-2009
By Tiziano Frateschi Tiziano Frateschi • 06-30-2017
By gurufocus 10qk • 11-08-2010
By alicet236 alicet236 • 04-11-2016
By gurufocus 10qk • 05-07-2010
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.