Copa Holdings (Copa Holdings) Inventory-to-Revenue

: 0.12 (As of Dec. 2023)

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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. Copa Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $113 Mil. Copa Holdings's Revenue for the three months ended in Dec. 2023 was $917 Mil. Copa Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Copa Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 stayed the same from Sep. 2023 (0.12) to Sep. 2023 (0.12)

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Copa Holdings's Days Inventory for the three months ended in Dec. 2023 was 19.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Copa Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.61.

Copa Holdings Inventory-to-Revenue Historical Data

The historical data trend for Copa Holdings's Inventory-to-Revenue 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.

Copa Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

0.03

0.09

0.05

0.03

Copa Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue																0.10	0.11	0.13	0.12	0.12

Competitive Comparison

For the Airlines subindustry, Copa Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Copa Holdings Inventory-to-Revenue Distribution

For the Transportation industry and Industrials sector, Copa Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Copa Holdings's Inventory-to-Revenue falls into.

Copa Holdings Inventory-to-Revenue Calculation

Copa Holdings's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (93.332	+	116.604)	/	2 )	/	3461.098
=	104.968					/	3461.098
=	0.03

Copa Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (108.546	+	116.604)	/	2 )	/	916.934
=	112.575					/	916.934
=	0.12

Copa Holdings (NYSE:CPA) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Copa Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	112.575	/	519.074	*	365 / 4
	=	19.79

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

Copa Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	519.074	/	112.575
	=	4.61

Copa Holdings Inventory-to-Revenue Related Terms

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Copa Holdings (Copa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Copa Holdings SA (NYSE:CPA) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

CPAN:Mexico C2H:Germany C2H:Germany

Address

Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN

Website

https://www.copaair.com

Copa Holdings SA is a provider of airline passenger and cargo service through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama and domestic and international air transportation for passengers, cargo and mail with a point-to-point route network through Copa Colombia a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and Caribbean. It derives a majority of revenue from South America.