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Zodiac Aerospace (Zodiac Aerospace) Days Inventory : 184.77 (As of Aug. 2017)


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What is Zodiac Aerospace Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zodiac Aerospace's Average Total Inventories for the six months ended in Aug. 2017 was $1,494 Mil. Zodiac Aerospace's Cost of Goods Sold for the six months ended in Aug. 2017 was $1,476 Mil. Hence, Zodiac Aerospace's Days Inventory for the six months ended in Aug. 2017 was 184.77.

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

ZODFY's Days Inventory is not ranked *
in the Aerospace & Defense industry.
Industry Median: 141.995
* Ranked among companies with meaningful Days Inventory only.

Zodiac Aerospace's Days Inventory declined from Aug. 2016 (198.45) to Aug. 2017 (184.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zodiac Aerospace's Inventory Turnover for the six months ended in Aug. 2017 was 0.99.

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. Zodiac Aerospace's Inventory-to-Revenue for the six months ended in Aug. 2017 was 0.47.


Zodiac Aerospace Days Inventory Historical Data

The historical data trend for Zodiac 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.

* Premium members only.

Zodiac Aerospace Days Inventory Chart

Zodiac Aerospace Annual Data
Trend Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 190.89 206.93 223.05 205.30 193.57

Zodiac Aerospace Semi-Annual Data
Aug07 Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17
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 207.86 232.15 198.45 247.02 184.77

Competitive Comparison of Zodiac Aerospace's Days Inventory

For the Aerospace & Defense subindustry, Zodiac 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.


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

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

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



Zodiac Aerospace Days Inventory Calculation

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

Zodiac Aerospace's Days Inventory for the fiscal year that ended in Aug. 2017 is calculated as

Days Inventory (A: Aug. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Aug. 2016 ) + Total Inventories (A: Aug. 2017 )) / count ) / Cost of Goods Sold (A: Aug. 2017 )*Days in Period
=( (1524.803 + 1395.283) / 2 ) / 2753.073*365
=1460.043 / 2753.073*365
=193.57

Zodiac Aerospace's Days Inventory for the quarter that ended in Aug. 2017 is calculated as:

Days Inventory (Q: Aug. 2017 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2017 ) + Total Inventories (Q: Aug. 2017 )) / count ) / Cost of Goods Sold (Q: Aug. 2017 )*Days in Period
=( (1593.493 + 1395.283) / 2 ) / 1476.056*365 / 2
=1494.388 / 1476.056*365 / 2
=184.77

* 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.


Zodiac Aerospace  (OTCPK:ZODFY) 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.

Zodiac Aerospace's Inventory Turnover for the six months ended in Aug. 2017 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.

Zodiac Aerospace's Inventory to Revenue for the six months ended in Aug. 2017 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.


Zodiac Aerospace Days Inventory Related Terms

Thank you for viewing the detailed overview of Zodiac Aerospace's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Zodiac Aerospace (Zodiac Aerospace) Business Description

Traded in Other Exchanges
N/A
Address
Zodiac Aerospace has two operating segments: aerosystem activities (70% of revenue), with tier-one niche positions in safety systems, electrical systems, control systems, and water and waste systems; and aircraft interiors activities (30% of revenue), comprising cabin and seats activities. The cabin business group provides all elements of integrated cabins, and Zodiac Seats design, certifies, and assembles aircraft seats for passengers and crew. In fiscal 2016, Zodiac generated EUR 5.2 billion in revenue.

Zodiac Aerospace (Zodiac Aerospace) Headlines

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