Volatus Aerospace (Volatus Aerospace) Days Inventory : 54.44 (As of Sep. 2023)

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What is Volatus Aerospace Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Volatus Aerospace's Average Total Inventories for the three months ended in Sep. 2023 was $2.32 Mil. Volatus Aerospace's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.89 Mil. Hence, Volatus Aerospace's Days Inventory for the three months ended in Sep. 2023 was 54.44.

The historical rank and industry rank for Volatus Aerospace's Days Inventory or its related term are showing as below:

VLTTF' s Days Inventory Range Over the Past 10 Years
Min: 18.39 Med: 37.9 Max: 365
Current: 51.17

During the past 4 years, Volatus Aerospace's highest Days Inventory was 365.00. The lowest was 18.39. And the median was 37.90.

VLTTF's Days Inventory is ranked better than
82.99% of 288 companies
in the Aerospace & Defense industry
Industry Median: 139.24 vs VLTTF: 51.17

Volatus Aerospace's Days Inventory increased from Sep. 2022 (23.58) to Sep. 2023 (54.44). It might indicate that Volatus Aerospace's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Volatus Aerospace's Inventory Turnover for the three months ended in Sep. 2023 was 1.68.

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. Volatus Aerospace's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.38.

Volatus Aerospace Days Inventory Historical Data

The historical data trend for Volatus 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.

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Volatus Aerospace Days Inventory Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

356.89

18.38

38.25

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial										23.58	49.13	62.28	50.04	54.44

Competitive Comparison of Volatus Aerospace's Days Inventory

For the Aerospace & Defense subindustry, Volatus 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.

Volatus Aerospace's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Volatus Aerospace's Days Inventory distribution charts can be found below:

* The bar in red indicates where Volatus Aerospace's Days Inventory falls into.

Volatus Aerospace Days Inventory Calculation

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

Volatus Aerospace's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.537	+	2.769)	/	2 )	/	15.772	*	365
=	1.653					/	15.772	*	365
=	38.25

Volatus Aerospace's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.462	+	2.181)	/	2 )	/	3.891	*	365 / 4
=	2.3215					/	3.891	*	365 / 4
=	54.44

Volatus Aerospace (OTCPK:VLTTF) 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.

Volatus Aerospace's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.891	/	2.3215
	=	1.68

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.

Volatus Aerospace's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.3215	/	6.115
	=	0.38

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.

Volatus Aerospace Days Inventory Related Terms

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Volatus Aerospace (Volatus Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Corp (OTCPK:VLTTF) » Definitions » Days Inventory

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Traded in Other Exchanges

VOL:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Corp is a provider of integrated drone solutions. It offers a range of solutions and services throughout Canada, the United States, Latin America, and Europe for civilian and military applications, including system and vehicle sales, service and training; aerial inspection and imaging services; data processing and management; system design engineering, research and development, manufacture, and testing.